Working capital/cash deficiency
Read through the MD&A to understand
A little more on the working capital deficiency ….
“As at April 30, 2021, the Company had working capital deficiency of $3,833,686 (July 31, 2020 - $20,563,341), current assets of $3,850,733 (July 31, 2020 - $3,101,291) and current liabilities of $7,684,419 (July 31, 2020 - $23,664,632).”
www.sedate.com
Ok-makes sense since, but since We know that
A positive working capital is required for a company to continue operations and to handle upcoming debt-does Anyone know how they will get enough cash to continue to operate?
Will they try to push off short term debt?
Do another financing?
Cash is the oxygen a company needs to survive