TSXV:CART.H - Post by User
Post by
MiningMasterAuon Oct 22, 2019 11:56am
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Post# 30255010
Financial Results From Q1-Q2. Trading At A Huge Discount
Financial Results From Q1-Q2. Trading At A Huge DiscountCub Energy Inc 2019 Q1-Q2 Financial Results. Keep in mind that all assets are in US dollar and 30% minimum needs to be added for find the value in the Canadian stock price
ASSETS
Cash: $7.429 M
Prepaid Expenses: $1.301 M
Receivables: $559K
Equity Investments: $9.046M
Property & Equipment: $4.055M
Non Current Receivables: $619K
Total Assets: $23.009M
LIABILITIES
Payables: $4.530M
Loan From Kub Gas: $5.391M – From Subsidiary Company
Shareholder Loan: $2M – From CEO who owns 40% Of KUB Stock
Provisions: $523K
Total Liabilities: $12.444M
Majority of liabilities are from connected parties in the company, not third party. Mikhail the CEO would never do anything do jeopardize that as he owns such a large portion of stock.
Earnings Between Q1-Q2
Revenue From Gas Trading: $7.454M
Revenue From Gas Sales: $126K
Net Income: $757K USD
Comprehensive Income: $1.936M
All this information is available on Sedar