GREY:IVITF - Post by User
Comment by
ketchenergyon Jun 28, 2019 10:45pm
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Post# 29875530
RE:RE:First quarter financials
RE:RE:First quarter financialsI agree the MD&A is informative! having trever dixon running this really helps, it shows right away via clear communication and focus on completing phase 3! focus on production! No more wishy washy . Ok, 18 millon in working capital as of jan 31 2019. Expect to lose less sort term as costs are fixed, construction etc etc. Short term liabilities 8.8 million next 12 months. MD&A was excellent giving fall as completion of phase 3, thus around 18,000 kg yearly production not bad at all! should have occurred Jan 2019 as I recall and based my investment. So lets expect nice revenue growth here, and revenue has grown ( albiet lower then i thought ). Other things interesting targeting small and mid companies? maybe revisit gtec? Also commenting on gtec opening retail ( gtec has not done so yet and I must look a little deeper for that information from gtec) Any additional distrubution channels are positive. continue to mention the EU cert for germany with agreement still in place. Also almost 500,000 grams in inventory ( about 2.5 million rev) bottom line ? better now with Dixon but tight cash!! better news releases fall for phase 3, and next Q better with CEO in charge. Good buy considering the growth in production coming soon. I think a merger with gtec rather then takeover is coming? gtec just did small finacing so cash.