Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

SPoT Coffee (Canada) Ltd V.SPP

Alternate Symbol(s):  SCFFF

Spot Coffee (Canada) Ltd. (SPoT) is a Canada-based company, which designs, builds and operates community-oriented cafes. SPoT operates Company-owned cafes in Canada and the United States. The Company has a total of approximately 25 cafes operating, in development or under construction in the states of New York and Connecticut, including seven corporate-owned cafes located in Buffalo, Rochester, Saratoga Springs, Elmwood, Glens Falls, Orchard Park and North Tonawanda, 11 Operating Franchise cafes Kenmore, Hertel, West Hartford, Hamburg, Roswell Park, Clarence, Williamsville, Waterfront Village, Amherst, West Seneca, Niagara Falls and five SPoT Tops cafe locations, two Express cafes operating under license to Chartwells at the Buffalo State College. SPoT's commercial business focuses on the sale of roasted coffee beans to food service and grocery chains, business offices, and resellers such as universities and hospitals.


TSXV:SPP - Post by User

Bullboard Posts
Post by goldfanaticon Nov 29, 2019 7:57pm
232 Views
Post# 30407644

Quarterly Losses. Yes, folks, they ain't making money.

Quarterly Losses. Yes, folks, they ain't making money.

 

Three months ending 9/30/2019:

 

Sales down from $2,470,048 to $2,394,231  Where’s all the growth coming from? LOL

 

Net Income down from $136,218 to a loss of $243,943  Wait, WTF happened to our profits? Oh, never mind—poof, they’re gone!

 

Meanwhile the shares outstanding continue to rise and so, too, does the amount of money that the officers and directors take out of the company.

 

In case, you are a newbie to TSX Venture filings, anything posted on the last day possible is meant to not be seen. Go read the financials yourself on SEDAR. 

And if you want to see something hidden very well, look at the income statement where it shows Professional and consulting fees. And those are "explained" in Note 15, yet there's absolutely no mention of the Professional fees paid, which were astronomical!

This company isn't managed, nor supervised by its directors, the entire scheme is run on a bad autopilot that keeps repeating the same mistakes year after year, while bragging about how great they are doing. 

Bullboard Posts