Eve & Co Inc V.EVE.H

Ouch

[Toweringmars]

Just over a quarter million in cash. Accounts payable of 6 million. Debt of 18.5!million. And they didn't even sell 1 million of product this quarter??

Its quite inevitable that the end is near.

Inventory and biological assets of roughly 10.5m.
being that they're struggling to sell that you can just smell a write down coming. So let's chaulk that up to 6m. After cost of sales likely looking at 3.5m.

I think it's pretty safe to say the next release is going to announce massive dilution considering they already mortgaged the facilities.

3.5m + 350k =3.85m
debt = 24.5m

24.5 - 3.85 = 20.65

Raising 20.65 @ 0.06 is looking like you can expect 344 million shares added to the float.
So yes, factually speaking, the end is near.

And beware shareholders, with a bank loan having secured leans on the property and equipment, shareholders will essentially get nothing.

Be mad and upset all you want, but don't lie to yourselves.