RE:Hi everyone
canaken1 wrote: I used to own Emblem prior to takeover by ALEF . Checked in recently to find a lot of excitement on the board. Had some thoughts about re-entering but the financials lead me to ask some questions from expienced board members. I am serious and would like to make a decision before May 13. TIA/
As per Canadian Insider..
net annual income.......as of Dec.31, 2019....-$ 39.61 million
free cash flow ....... .. .. .. -$ 46.93 ..
net debt ....... .. .. .. $ 9.52 ..
Just to address that, I havnt cross refferenced those numbers to validate them. But keep in mind that the net annual income is only reflective of when the company was operating a small segment of the business, while also building out the facilities. So their CAPEX spending is reflected in the free cash flow, along with net annual income, while the benefits and spoils of that spending are not.
Also worth mentioning the bulk of their outdoor wholesale sales will be reflected in the Q1's.
The irons are ready to come out of the fire and show the market that the big players arent the only ones worth having on the radar. But some of the mid-sized ones are ready to make the jump, and still priced as the 'small' ones are.
These are very exciting times to be a shareholder here. Most of the sub 30 cent companies with little to no money (other then convertible debt) will become victimes of the market and clear out space for more sales for the ones that do make it. We're one of the few companies on the right track and will continue to show the market how its done.