RE:I'm outYou must have an agenda here, a lot of what you just simply isnt true!! Funny you post ten min before days end of trading.
patkat wrote: I started watching this stock initially because I spend a lot of time in Cuba and I do see large potential for business there, but I don't think this is the company to do it. I bought in on the hype without really looking into it and that was a mistake. The only thing this company has is a website, and up until recently it looked like it was designed by a twelve year old. Now it looks nice but it's all pure fluff. Look at the travel portion, they have only 89 accomodation listings in all of Cuba, I'm familiar with a few in Havana and Varadero, and they are not great places to stay. I also don't like the fact that they don't post their financials on their own website, instead forcing you to go to the Sedar website. This little bit from the financials sealed the deal for me.
These consolidated financial statements have been prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business rather than a forced liquidation. As at May 31, 2017 the Company had not yet achieved profitable operations, with a deficit of $18,084,885 and working capital deficiency of $151,408. The Company’s ability to generate working capital may not be enough to sustain operations over the next twelve months. These material uncertainties may cast significant doubt about the Company’s ability to continue as a going concern.
My other concern is anything that requires internet in Cuba is not going to function at the moment. Google said years ago that it would bring internet to Cuba and that is certainly not happening quickly. I estimate another decade before internet in people's homes is common.
So for now I'm out of this stock with a loss. I'm not bashing, just pointing out some observations. To be a basher I would be looking for cheap shares, and I have no interest in getting back into this company unless I see something really substantial happen.
Good luck, I hope things work out for shareholders.