Eve & Co Inc V.EVE.H

RE:RE:It's simple

[stockhorse10]

reallyBobbyZ wrote: Hey SH....increasing their RBC Line of Credit would be extremely difficult.
RBC is already into EVE for about $17,000,000 as a mortgage BUT, EVE is "offside" on their covenents to RBC already. NOT GOOD. 
RBC has given EVE "a pass" on the issue until March 31, 2021.

I know the RBC folks very well....they would be hard-pressed to add even another dime to their EVE deal without more security when Eve is burning $830,000 cash/month.

EVE needs to "liquidate" older, aging MJ in their vault....convert it to cash asap since it loses potency & desirability over time. Bulk sale at whatever price they can get....maybe $1/gm? Germany will want MJ that's less than 90 days old...fresh grow from Room 3..

stockhorse10 wrote: If Eve needs capital..they will either increase their LOC (I'm sure 5 million would work) or will do a raise... they are also moving into Alberta and that alone might be the catalyst to push them to the next reporting level when we're supposed to be in better shape with the first batch of German shipments having been sent out plus the cannalogue sales and Canadian cannabis stores....they are not going under..I REPEAT...ARE NOT GOING UNDER.....EOM

.. That vault material is earmarked for German shipments...no if and or buts about it...there are now sitting with 5 German binding deals with upwards of 5300 kilos per month..they can't take a chance and sell that on the Canadian open market...they will get financing if needed but I've been crunching some numbers and they have a chance here without a raise or borrowing...they need into Alberta ASAP but i still love their product and their endgame will be a 10 fold min... this is gonna work!!!