TSXV:INCA.H - Post by User
Comment by
PrincessKateon May 12, 2021 2:12pm
166 Views
Post# 33184004
RE:Why is it dipping everyday?
RE:Why is it dipping everyday? Wrong question!
The question should be: Why do you invest in this rubbish? It is a lifestyle company- maintaining the $1M's Vancouver lifestyles of the staff.
Have a look at the financials- management team has paid themselves millions in 'salaries' and investors & creditors got what to date? Lost 100% of their money to date?
All that is left is debt and funded my debt!
They have raised over $30M from gullible investors like yourself to fund their Vancouver lifestyles and there are a lot of other companies doing exactly that as well.
You will also hopefully realize one day that all of the apparant 'buyers' on this forum are staff, hustling!
This company is basically worth nothing: they have lost $30M to date and have >$20M debt; so no viable business model and basically bankrupt! But I am sure they will keep telling gullible people like yourself that things will change- like the last 6 years!
Stay away from these kind of companies!
My two cents!