RE:4 "Scrotum & Cheese Puff" who don't know some basic numbers Nice to see a voice of sanity in here.
Your math is correct.
$3.3M was invested into Quality Green IPO - but it was done as subscription receipts, subject to an IPO actually taking place. Because of the landscape of Canadian pot stocks, I expect the IPO to not happen and the money to be returned. The launch date was postponed from Oct 31 to end of November, but I doubt this ever happens.
Under $1M was invested into Sweet Earth and Hemp Fusion combined.
As for the Peru asset... they think they might get a couple million back out of it, but I am considering it a zero. Court battle now in progress - nothing to lose, as it is already recorded on the books as if they get nothing back.
I am told cash burn was dropped to near nothing once interest on the $20M balance is factored in, their salaries were posted in a March NR (Walmart greeter wages) and they share office space.
An updated financial statement will be posted end of November, and once reviewed by TSX they will be re-instated for trading.
Bottom line is they are sitting on about $19-$20M cash when everyone in the cannabis sector needs it.
This could be interesting if they properly disperse the cash into cash starved, tax-loss beaten winning plays. This is definitely the time to be sitting on cash.
All up to management's ability to excecute. Place your bets.