Calyx Ventures Inc V.CYX.H

RE:HERE IS THE INFO THAT SHOULD CONCERN YOU !!

[archeo753]

bohemian61 wrote:

These condensed interim consolidated financial statements have been prepared on a going concern basis of presentation, which assumes that the Company will continue operations for the foreseeable future and be able to realize the carrying value of its assets and discharge its liabilities and commitments in the normal course of business. To date, the Company has not earned significant revenue and has an accumulated deficit of $11,402,984. !

Just to be clear most of the $11 million debt is from the old biofuel days before Cannigistics was bought by Calyx.   Obviously the creditors are not too worried about it because for the last 4 years they haven't called in the debt and seem content to wait until CYX starts generating some real cash.  Their patience will come to an end at some point though. Calyx acquired Canada Blockchain Hosting in Nov. 2017 for $400,000 and have generated over $100,000 in crypto.  Not bad for less than a year I think.  Calyx is definitely not a sure thing but neither is it spiralling into bankruptcy.  If you look at the financials net loss for the quarter it was a little under $200,000 so if spending and income remain the same the $600,000 should last 3 more quarters until CYX needs to raise more money.  And if they do need issue more shares, hopefully, it will be at a much higher price than today.  Roger has stated that he will only release news when there is something that needs to be revealed.  The fluff press release in Feb., that Forde was compelled to release, stating that the Cannabis software is on schedule, did nothing for the share price so I doubt we'll see one like that again.  These are just my $.02 as a shareholder.  Do not buy sell or hold this security based on my thoughts.