TSXV:EVE.H - Post by User
Comment by
BobbIeheadbobon Sep 17, 2021 6:07am
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Post# 33876206
RE:RE:Share Price has PLUNGED 72% since Dec 31/20 Consolidation
RE:RE:Share Price has PLUNGED 72% since Dec 31/20 ConsolidationI believe EVE has tried to get financing long ago but could not get any because of the secured loan they have from RBC. Any further financing would take a back seat to RBC secured loan. There would not be anything left for anyone else as RBC would retain all assests in an insolvency. This is why you never hear of EVE pursuing financing because they inquired already and there was no interest ......
Jarred wrote: I think the big question here is how much longer EVE can survive without another financing and what kind of terms they would get with a financing as they don't appear to be in any kind of strong bargaining position. Any company lending them money would have to see some hope of them at least breaking even.
I hope they can turn it around but I just don't see what their competetive advantage is. Too many companies jumped into the cannabis space thinking it was the road to riches when it was not. Plus tax loss selling is right around the corner.