TSXV:EVE.H - Post by User
Post by
reallyBobbyZon Nov 26, 2020 10:17pm
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Post# 31986692
EVE's in trouble and it's Winter...heat and light needed.
EVE's in trouble and it's Winter...heat and light needed.These devastating financials could not have come at a worse time.
It is Winter...EVE needs to spend HUGE amounts to keep the place warm and to fire-up the lights for proper plant growth.
EVE didn't have those expenses when they lost the $4.22 million in July/August/Sept.
Guessing 1,000,000 sq ft of greenhouse will cost $200,000/month extra in Winter for Union Gas [heat] and Ontario Hydro [light].
EVE will have severely missed RBC loan covenents/ratios and fiscal year-end is coming up.
Tax loss season selling coming up.
JMO...Bob