OTCPK:NCNNF - Post by User
Comment by
TSXauditoron Nov 04, 2020 6:29am
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Post# 31834766
RE:RE:Fantastic Q4 results for 48 north ( june 30 2020) my 8 cents
RE:RE:Fantastic Q4 results for 48 north ( june 30 2020) my 8 centsPlease explain me how they are going to be profitable ?
For every $1 of sell they give aways $2 of inventory bough from another producer.
I have never seen a negative gross margin like this .....
Once you have understood that Gross margin is supposed to cover for General administration expenses , marketing and depreciation ....You understand the mess....
The final nail in the coffin is since Vennat is managing the company , Genera administration expenses and marketing expenses have been increasing subtancialy.....
Their numbers are so out of this world that you can not use sales x gross margin to calculate the break even point. There is simply no gross profit from sales ! This is disaster !
Very sas that this company is a hoax . How can you have a negative gross margin on sales almost equivalent to your sales number and not address it in your Md&A !!!!
You can call Guy Lalibert a Clown , but he pulled out on time.
This company is going no where but bankrupt....