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Sparta Capital Ltd. V.SAY

Alternate Symbol(s):  SCAXF

Industrials
Sparta Capital Ltd. is a technology-based company. The Company is focused on integrating emerging technologies. The Company is strategically positioned across three business verticals, each engineered to integrate technologies and drive sustainable growth: Environment, Health, and Transportation. Environments include ERS International, which is a waste management operation with its proprietary e-waste processing technologies. Health includes Sparta Health Corporation, which is a vertical harnessing the power of artificial intelligence (AI), machine learning (ML), and augmented reality (AR), to develop technologies that enhance personalized patient care and improve treatment outcomes. Transportation include TruckSuite, is a comprehensive suite of products and services designed to keep trucks operational and drivers competitive. TruckSuite offerings enhances the logistics and transportation industry. Its subsidiaries include Re-ECO Tech Electronic Conversions Ltd and Illumineris Inc.


TSXV:SAY - Post by User

Sparta Capital Ltd. > Today ...and the Financials.
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Comment by GalAnonymouson Jan 29, 2021 10:32am
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Post# 32419678

RE:Today ...and the Financials.

RE:Today ...and the Financials.I wasn't impressed but it was basically what I expected and yes, it was nice to see a net loss from operations and a working capital deficit reduced almost by half plus positive cash flow. I am concerned about this statement though:

"In order to meet the Corporation's future working capital requirements it will be required to attract additional funds through the issue of debt or equity."

I know it's good on one hand, they need money to grow etc and the SP is so low I don't expect it to drop too much anyways, but the phrase "the issue of debt or equity" makes me shiver. Thoughts? 
And yes, I agree 0.6 is a great entry point, I was super happy to get in at that level :) And if I come into more money I will definitely try to average down. Hope it won't be too late!


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