OTCPK:CNZCF - Post by User
Comment by
Slyincalgaryon Feb 17, 2017 11:47am
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Post# 25861411
RE:RE:Poor oljenks
RE:RE:Poor oljenksOljenks you weren't coming back last time but felt the need for another couple LONG WINDED posts so I will correct you on a few things.
The warning on the financials is a boiler plate warning and on the financials of virtually all start ups. Yes the company was formed in 1987 but was completely remodeled late in 2015 when APL came on board. Since then what has been accomplished is incredible. Canucope posted the majority of successes so I am not going to repeat. Of course they lost money in Q3, and they will in Q4 also as they only became commercial in late Q3. I expect in Q1 2017 for CNZ to be at least break even and by Q2 very profitable. Also, you are telling people to do research....well if you did you would know that based on current monthly run rates CNZ has over 2 years of cash requirements in the bank.....anyone mentioning bankruptcy on these boards is fear mongering or completely uninformed.
The loss of the company going forward is an asset to shareholders who bought recently as that can be used to write off future profits against. The only debt the company has is long term debt owed to the CEO and there is no repayment schedule or need on his part to get paid anytime soon.
I will agree with Corey B on something he said, the reason in my mind that the stock is stuck at these levels is because the news releases have been mostly MOU's and Sales agreements that take a couple quarters to realize full cash flow from. For a company to have opened as many revenue sectors as they have already, and I expect them to open quite a few more, in less than a year is amazing. I expect that going forward we will start seeing a lot more sales agreements and possibly a surprise or two.
By the way, by posting all you have and having zero insight into the company you actually are giving advice to people....something a so called rookie investor should never do. Don't kid yourself dude, you are a jaded investor who timed a stock wrong, suck it up and walk away with at least your pride and not coming off sounding less and less intelligent each time!
Glta