RE:RE:So what is holding VST back?2020 wasnt manipulated, when WSJ would spit out a company and it would be 10x,20x, 50x.. bagger in no time?
For some folks it's manipulated only when it goes down.
This market recognizes only value stocks, and balance sheet for VST are not the best. assets look great, but they don't generate much cash while expenses are high.
They said they have assets that will not keep forever(Vahid), and they'll sell some.
From MD:
These consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. As at March 31, 2021, the Company had working capital of $7,833,986 (2020 - $3,238,325) and an accumulated deficit of $2,576,949 (2020 - $4,938,669). The continued operations of the Company are dependent upon its ability to generate future cash flows and/or obtain additional financing. Management is of the opinion that sufficient working capital will be obtained from external financing to meet the Company’s liabilities and commitments as they become due; however, they may not be at terms that are favourable to the Company. Although the Company has been successful in the past in raising funds to continue operations, there is no assurance it will be able to do so in the future. These factors indicate the existence of a material uncertainty that may cast significant doubt upon the Company’s ability to continue as a going concern. These financial statements do not reflect any adjustments that may be necessary if the Company is unable to continue as a going concern.