My 5 cents ($0.05)Revenue for the three month period ended March 31, 2018 decreased to $348,317 from $560,248 for the three month period ended March 31, 2017, a 38% decrease in Canadian dollar sales.
EBITDA for the three month period ended March 31, 2018 decreased by $273,728 to $(1,839,527) compared to $(1,565,799) for 2017
Consulting and management expenses increased from $268,869 for the three month period ended March 31, 2017 to $394,250 for the three month period ended March 31, 2018
Administration expenses increased to $433,321 for the three month period ended March 31, 2018 from $260,273 for the same period in 2017
The Company ended the first quarter of fiscal 2018 with cash of $5,410,306, compared to $6,500,080 as at December 31, 2017
So, $5,410,306 / 90,750,238 Common Shares = $0.059 CAD at March 31th
My estimate is less than $5 million cash by June 2018, because salaries.
The best is yet to come
Paul bought $5,000 CAD, and he really believes in Wood
My take is that, they need more salary to go on. I would do the same. First is salary and then the Company.
I plan to buy ONE more HUNDRED shares next year or so. Patience.
We have a very strong balance sheet
B4ever