RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Canadian Small/Micro Cap Top picks for 2021
Gdangit wrote:
now your starting to figure all this out. I've never seen a stock with so much speculations and no delivery. Give it time they said it will be a good company they said
It took me about 45 minutes going through financial documents to figure out the business prospects of this company.
They have negative working capital, no revenue, negative cash flow, and based on cash burn will be insolvent within the next few months, but within 12 months at the latest if they’re able to cut all expenses and just wait it out
The only chance, is if sales start to come through, which has been the story for many years. Of course they can always do another equity raise, and dilute existing shareholders, Or try to raise more debt, but that will just continue the spiral downwards.
Truthfully, the only reason to hang around, because if they do start to get sales, they’ll be plenty of time to jump on the bandwagon, and buy some shares
The problem is, like many story stocks, is that they often fail to execute. I read through a number of other boards and there have been people on those boards promising sales for many months.
Many speculations like a buyout from Boston scientific, sales in China, sales in North America…
'News is coming -send me a message ...
None of these promises have happened.
'The only news was government bailouts fornsalary -placement of a single machine (?a sale or promotion with kohl's)
Meanwhile promoters, likely are just trading the stock, off the backs of naive speculators
While many find that an objective review of the financials, to be harsh, and to be bashing, it is really just objective evidence-based investing.
The only ones that dislike the truth, are those who are promoting, and have something to lose
There is essentially no shorting on the stock, so the hollow claims that those who speak the truth, have this ulterior motive, it’s just another smokescreen to reassure the nave investor to stay invested, or to convince others to part with their hard in money
all imo
G