Cuspis Capital Ltd. V.CUSP.P

Quarterlies are out.

[AnthamInvest]

As at June 30, 2019, the Company had no debt and working capital totalled $2,182,341 compared to $436,310 as at December 31, 2018. The Company funds its activities through equity financing.

To date, the Company raised approximately $500,000 in initial seed financing and $2,000,000 pursuant to the IPO through the issuance of common shares to funds its operations, which at this time principally consists of identifying and completing a Qualifying Transaction.

The cash on hand as at June 30, 2019 is expected to be sufficient to meet the Company’s liquidity requirements until a Qualifying Transaction is completed. However, upon completion of the Qualifying Transaction, additional capital may be necessary.

$2.18M cash on hand and 15M shares outstanding so about $0.14 a share in CASH looking for an acquisition.  

Trading at $0.19.

I'll keep waiting with my 588,000 shares.

GLTA