RE:RE:RE:RE:12 cents wallFirst of all - I hope those posters who were looking to 'get their gap filled' today came out satiisfied and fulfilled.
$40 million net loss after 3rd quarter - sales were down from previous quarter and will be down more for Oct-Dec. 2020 year end net loss $60 million - financials out March 31.
Unlike the useless pumping on this board, these are facts taht need to eb addressed.
Financing and fire sales of Delta and Bevo won't show until 1st quarter 2021 - those financials will be out mid-May. The $60 million at 10% will help the bleed - and they had to do something, but in addition to $60 million long term debt, they still have $25 million in current debt - and no cash to deal with that, which means they don't have two years leeway to turn things around.
Hello, more liens.
So - it's either another financing or a merger/buy out. Sundial is starting to look better and better if Zena still has the opportunity to negotiate a best deal for shareholders, rather than being taken over for nothing.
This is now February 5 - where's the $6 miilion cash from Delta and the $10 million from Bevo?
Oh right, tied up in BC courts until liens resolved.
Good work french fry - we're lucky to have you, thanks.