OTCPK:NWKRF - Post by User
Post by
TruthAboutHipon Aug 11, 2018 12:30pm
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Post# 28444744
Inventory ?
Inventory ?The financials state that Newstrike currently has $8,241,724 in inventory. If you use a supply price of $5 per gram that means they currently have 1648 kilos of inventory. This is not the "several thousand kilograms in vaults right now" as reported by Jay Wilgar in his Midas interview and still is less (8 months later) than his reported $10 million of inventory in January of 2018 on BNN. So what is happening with inventory ? Do their vaults have a leak or is Jay Wilgar simply creating convenient truths ?
This information, supplied in person, by the CEO, on video, or by the company in NRs, is what people will use to evaluate whether or not to invest in a company. I believe that it can be proven that this behaviour constitutes a proper lack of disclosure.
He also states in the Midas interview that the Niagara facility is retrofitted and growing plants. Now in their latest financials it states that the Niagara facility is currently being retrofitted. It can't be both !
So once again I am left with a sense that something is wrong here. There are no entries in the financials that I can see which describe any work being done at all on the Niagara facility. So are management just rolling up their sleeves and doing the work themselves to save the company money ? Unlikely.
Don't take my word for it though, do your own DD and look at the financials and the interviews and past NRs. Something is rotten in Denmark, I mean Newstrike.
We all need to ask questions of the company and we need to do it now.