RE:RE:RE:The stock will feel better after a good pukeJoe, I doubt the financials will be a negative catalyst for the share price. No one is expecting anything but a loss for the quarter ended Sept 30, 2016 since there is no revenue. You can safely ignore the earnings.
I agree that with cloreenbaconskin that the Q3/16 financials are hum ho and can largely be ignored. Focus on Q1/17 and thereafter.
The only things of interest on in the upcoming Sep 30, 2016 financials (yet to be released) are:
- how much cash was on the books as at Sep 30, 2016
- how big are the cash flows from operations is (you need to see this to estimate how long their cash balance will sustain this rate of spend)
- how much spending is going on down in the investing section (I would expect some spending on CAPEX to get the equipment installed and running) which will also be a draw on the cash balance if sustained
- what the share count is and how many warrants have been exercised (and how many remain as these will bring in incremental cash)
Remember, the financials and any management comments in the MD&A will be 2 months stale at this point, so they are not the most current indication of the financial status of the company.