RE:RE:RE:RE:Share ConsolidationIn April 2019 GYA announced closing a little over 1M in a PP. In subsequent financials, unaudited, to July 31, 2019 (last issued by the company by the way), the cash on hand is listed, approx 4 months later, as $57,000. what?
Opertaing expenses for the three months are listed at $371,000 ($200k went to management fees, consulting and marketing). So even with that, the numbers seem out of line.
Same period, company issued promissory notes totalling $409,000, so they borrowed that money, and, same period, they took in another $300,000 via the debenture they just changed the terms on.
They also shows almost 1.2M in liabilities (debt).
Now I am no expert in reading financials, but a) where'd the 1M from the PP go? 4 months later on 57 grand in the treasury? b) they borrowed $700,000 as well, where is that cash on the bottom line?
Anybody who knows how these things work, would love to know what you see there.