RE:RE:RE:RE:You MOUSEKETEERS, bucheroncapital wrote: Who's Corky ???? *what does it mean ????
Here is the picture , MMJ no money - most likely 0$ (if the burn rate is steady by QT1 2021) , No assets (They don't own Dorval or Hemmingford ), no Income even no interest collected , a bunch of loan to be WO , a 4M$ artifical good will value on the books , no transparency no accountability and no means to raise any money with @ 0.025$ low volume stock and a poor track record ! So my advise if you want to remain Multimillionaire (like you claim you are) stay away ! All the best to you my friend !
All things equal and it's just me her (I am no expert)
Would need to add Sales versus expenses (3 months) 23,588 $ income , cost of good (25,414) and General expenses (344,435) and (605,115) for six months - so 1,2 per year so as of dec 31 2020 Matica held 3M in csh or quasi cash , at the current burn rate they are left with 1,5M-1,8M in cash or quasi cash. Other significant assets are Royal Max 6,221M and long term loans 4,99M (all i could trace that would be a good asset is the land 181 acres - current value 800-900K the rest is pretty much unsecured loans). They have limited liabilities. Ball park, they have 8,8 M in assets (given Royal Max is worth 6,2M) and about 300K in liabilities so 8,5M as of now so the 0.025$ is pretty much fair value for now ! But the cash burning factor will make MMJ hungry for $ soon How will they raise it ? When will real income kick in? If Royal Max is turned into a bad investment - then les carrotes sont cuites - (sources ; SEDAR MMJ numbers and MMJ Management's discussion and analysis as of june 30 2020)