RE:RE:RE:Expecting better Q1 numbers come May 13th :) Here's how I see it, SCQuin.
Q1 pretty much came in as expected with Revs well under C$30million and Positive EBITDA over C$2million. This is where Auxly should have been 2years ago. At least Auxly has 'consistently' underperformed.
Auxly had it's fate written with the continuation of the 'excise tax as is.'
Auxly is now on life support in the form of a revolving credit facility by way of Imperial Brands who currently hold 19.8 % of Auxly shares and C$60million owed to IB.
Due to political indifference Conversion of Debentures only prolonged what now appears inevitable.
An RS and capital raise will only happen if Imperial wants it. I'm certain that IB will vote its 200+million shares in its own best interest. Whatever that may be. Keep in mind IB has no fiduciary duty to Auxly's other shareholders.
Every shareholder has a vote. IB just has a shyte load more than any other single entity.
Waiting to see what the AGM agenda looks like.
Good Luck mates.
cheers