RE:RE:RE:This degree of pessimism is hard to understandNot pessimism it's realism, not expecting much to come from this quarter except possibly announcing a cash raise along with their ER.
During the first quarter of 2020, the pandemic did not have a material impact on the Company’s operations. As at March 31, 2020, we have also not observed any material impairments of our assets or a significant change in the fair value of assets due to the COVID-19 pandemic. During the second quarter of 2020, the Company has experienced a decline in sales relative to the first quarter of 2020 which can likely be attributed to the economic uncertainty caused by the COVID19 pandemic. The Company has taken steps to minimize the potential impact of the pandemic. These actions include postponement of discretionary capital expenditures, reduction of general and administrative expenses, temporary staff reductions, and enhanced process optimization to increase efficiencies and reduce costs