ALEAFIA HEALTH INC. Unaudited Interim Condensed Consolidated Statements of Financial Position As at March 31, 2021 and December 31, 2020 (Amounts reflected in thousands of Canadian dollars)
Remember "pumpee" that this is all in " thousands " so you have to add three zero's to the amounts below !!!
1) AH's "cash and equivalents " has fallen from $30,529 as of last December down to $ 17,678 in the three month period . Quite a " cash burn " in 3 months eh "pumpee" !!!! This equates to over $4,000 / month " cash burn !!!
2) Her "deficit " in three months has gone from a negative deficit of -$315,069 up to a deficit of - $326,317 which equates to over -$3,749 / month ( remember to add three 000's eh pumpee ... LOL !! )
3) AH's "gross profit " ( as they like to refer to it as.. LOL !! ) has fallen from a positive $5,858 down to a positive of $2,364 ... so has fallen in half approx. in three months !!!!
4) AH's "net loss" ( the bottom line ) has fallen ( in three months ) from a loss of -$5,656 down to a "loss" of - $11,248 in three monthswhich equates into a loss of approx . - $1,864 / month loss !!!! ( remember to add three 000's as everything is in thousands ... LOL !!! )
5 ) AH's diluted shares outstanding have escalated from 277,893,686 up to 308,912,989 shares outstanding in three months ( although at the end of March her shares have even gone up more to ... "Balance, March 31, 2021 330,491,826" outstanding. !!!! ( The only good thing about this is it makes her "loss / share " less as the "loss" is split up amongst a lot more diluted shares outstanding .... LOL !!! Too Funny eh "pumpee" ... LOL !!!
6) Cash " burn rate " ( beginning of period to end of period ... 3 months ) .... beginning of period .... $30,529 .... cash end of period ... $17,678 ..... burn rate = 12,851 / 3 months = $4,283/month ( and remember to add three 000's pumpee ... LOL !!!)
So with this " burn rate " and the amount of cash she had left at the end of March .... then this would give her a " life-line " of approx. ( $17678 divided by her monthly burn rate of $4283 which would equal approx. 4.13 months from the end of March before she would have to " shut down the business altogether which would mean approx. August 2021 !!!
Now of course with Benic trying to sell $30 million shares to " joe public " ... then "if " there is anyone stupid enough to buy them after seeing AH's latest atrocious financials ( the friggin worst financials in years !!! ) .... then at his present burn rate if he was able to sell them at say .40 cents per share .... then this would give him another .40 X 30,000,000 = $12,000,000 dollars which would allow AH to survive with her head above water ( so to speak ) for another 12,000 ( remember the thousands pumpee ) divided by $4283 = a tad over another 2.8 months so that would givev her till about the end of October before she would have to " close the doors for good" .... but this of course is " if " she can find any buyers to buy these $30,000,000 shares .... and we all know that "Toweringmars alias StockyThePsychoPumpee / his other 124 alias's " isn't buying .... LMFAO !!!!
Dumbazz Pumpees on the bullboards are so much fun to laugh at !!!!