RE:Stocks we should own…Has anyone taken a look at the financials they filed a couple of weeks ago for Sept 30?
All the cash they have is what they raised in September. Okay, not end of world.
But their payables went from around $1 million to $7 million! And they took out a loan for $1 million plus.
So baiscally they have no money! And that was as at Sept 30, probably blew through a couple of million since.
They do have a tax credit payable for around $2M. But the balance sheet is uglier than it has ever been.
I think they will need to come to market very early next year.
I hope they can get news out before they do.
Paray99 wrote: Good dividend stocks like PBR, Vale, RioTinto, AQN, etc.