RE:Sedar FilingsWhat is hilarious is you try to save face, twist whatever OILS has on their financials as not so bad. You were hoping for profitable earnings yesterday and you got served the shittiest possible results.
Cash dropped from 2M to less than 1M over 3 months. Working capital from 1.5-2M to 0.5M.
The cost of those miserable sales had a gross margin of -200%+, if it wasn't for those licensing revenues in the first half of 2020.
You preach all about OILS efficiency and those numbers, black on white, tell you otherwise. What do you think the cost of 1M+ sales is? Margins will be abysmal, if not negative. Far far away from the promised land.
And what you don't seem to understand is, if OILS doesn't manage to make enough sales to prove the efficiency of its patents, which is currently happening, those patents are worthless. They can boast all they want, market and pump all they want, the numbers are telling otherwise. You cannot deny the cost of those sales are disheartening.
If you are that blind to continue adding, you will lose your all your investment. This should drop below .10.
Now for the cherry on sundae. The second half of 2020 was actually very good for many canadian cannabis businesses. The canadian market has never thrived so high. OILS is blaming it on COVID the same as LABS, which is a desperate move, excuses for a failing strategy.
OILS has explicitly said 2020 was to be the start of revenue generation in their 30th december 2019 news release. Look at those financials, it is clear they failed to deliver and they could not have failed more miserably.
Dilution is coming, if they manage to raise money that is. Pennies on the dollar acquisition to come.