RE:RE:RE:RE:RE:Bought some moreIn my opinion, im not short but should have been, those are the real winners hitting the nail on the head for the entire industry and this co. calling it out perfectly.
Your post is a big lie by the way, or maybe you don't understand math. Goodluck with those 100,000 shares.
Cash, end of period $ 48,705,000 By the way those who said the KKE deal was deffered to taxes, NOT TRUE: The Company issued 5,745,000 common shares valued at $1.43 each, along with a cash consideration of $1,000 for a total consideration of $9,215,000.
In addition, the Company owes certain minimum royalty payments to KKE over the course of the Agreement. As further discussed in Note 11, the initial liability amount was determined to be $6,370,000 which has been capitalized to intangible assets.
Check out the financing debt expense by itself:
Finance expense, net
$ 4,535,000 Just with the exercise tax and production cost, its already barely a breakeven. Add even 2 of the many mandatory liability line items and your in the hole very quick.. this isnt even EMPLOYEE wages or nothing.
Gross revenue 10,261,000
Production costs (6,426,000)
Excise taxes (1,202,000)
Facilities (1,043,000)
Professional fees (1,306,000)
Theres more convert debtentures coming due next year too:
...common shares at a rate of
$2.45 (LOL) per share at any time and mature on October 19, 2021 (“October 2018 Convertible Debentures”). The unsecured debentures are subject to accelerated expiry in some circumstances. The effective interest rate used to value the October 2018 Convertible Debentures is
18.61%. Convertible debentures
80,474,000 Your sooo up the creek without a paddle, why your even saying this is even remotely investable is crazy, but then to go on defending the company? You should be gathering a team of pissed off people throwing up lawsuits trying to collect the pennies, as im surprised there already hasn't been done.
johnale wrote: Lol - maybe I'll fart and buy another 100k shares at 19 cents.
67.26 mil valuation at .19 cents but they have 100mil in cash.. lol
or even net asset value is at about .65 cents a share.
A whiff of increasing revenues and this will shoot up like a rocket...
but you stay short......