RE:RE:RE:RE:RE:Debt interest Based on the following information and the fact the company has no source of revenue.
What is the expectation of this company ever coming up with $7M in less then (8) months?
The fact the company only has $1.37M in assets (and those assets are all secured via loans through Dr. Sen) there is nothing left.
Keep in mind this is merely the monies owing in less than (8) months.
Sen is talking about producing gummies, shots and beverages. Where does the funding come from to appropriate the ingredients, process, manufacture, promote, distribute, pay for normal legal fees, accounting, wages and interest on debt.
Just to name a few.
Somewhere between $8-9M needs to magically be pulled from somewhere within months. They have not been able to get money from outside sources in the past two years, besides their CEO.
Even at $0.05 per share that is probably a 30%+ existing shareholders dilution (at best)
"As at August 31, 2021, the Company had current assets of $1,371,719 to settle current liabilities of $8,904,008. The Company has the following undiscounted loan obligations as at August 31, 2021, which are expected to be payable in the following respective periods:
$ Less than 1 year 6,994,072"
If somebody can give me any ideas as to how this could play out, in a positive manner, I am all ears. Otherwise I see this as merely diluting retail into oblivion, Sen and partners get everything and shareholders are left holding nothing.