OTCPK:NCNNF - Post by User
Post by
ipanemaon Nov 25, 2019 2:55pm
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Post# 30390383
One Perspective
One PerspectiveIf you look at “Eight Capital” initiating coverage dated on June 20, 2019 they were forecasting revenues of $5.8m for the last fiscal year and Nrth announced $4.8m. 2019-2020 forecast revenues are $88.7m I’m hoping for $2m in the quarter to September 30. The I&E is going to be very odd as management can and will book a very large Fair Value adjustment, likely over $10m that will rocket the company into a very large book profit. This will be determined to a large extent by the yield they got. Biological Assets and Inventories will increase enormously due to the FV adjustment and all the growing costs, and some harvest costs from the early harvest, going into the balance sheet. Watch out for G&A and marketing and sales cost increases as well as SBC. (Hope management are not too greedy!!) Cash will likely be around $35m. Hopefully yield will be over 20,000 kgs. The rest is all about selling in the coming months. (Let’s hope none of our supply agreements have been reduced, postponed or cancelled!) At least we’ll have an idea this evening just how much we have to sell! Fingers and toes crossed!!