OTCQB:VVCIF - Post by User
Post by
Schaffhausenon Nov 20, 2020 2:11pm
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Post# 31942117
Cannabis Apocalypse
Cannabis Apocalypse
The name of the game is survival. Get to break even as soon as possible and have a clean balance sheet. VIVO has passed through this gauntlet, while the competition is still racked with huge upcoming debentures refinancing and big interest payments thwarting their break even efforts in the meantime. We see now, as clear as day, the capital markets are tight and those with substantial outstanding debentures will be in trouble. If it were not for the Auxly 8M liability I would be confident that VIVO can survive 2021 without dilution, but I believe Auxly will get a piece of VIVO in a settlement, that is dilution to current shareholders. Cheers, Schaff