RE:RE:RE:RE:RE:RE:RE:Financials anyone? Cash runway?
Pandora wrote:
Back in the day when Sedar was a simple easy application for Dummies I can recall many, many standard statements in the financials quoting words to that effect. I am not about to try and chase up stats for your satisfaction. You just come on here to be a ---- disturber and for no other purpose. You quote all the numbers that satisfy your arguments and have some fool like me or JoJo react so you can give us your pompous analysis about the quoted numbers. As I said "To each his own". You do yours and I will do mine. Enjoy whatever satisfaction you get out of it -- I'm pretty sure many readers on here pay little regard for your negative preaching but you may hook a couple.
And with that I am sure I will also get a reaction out of you. Don't break your pencil.
Pandora, the point is, that many around here, throw out statements that are unsupported, and misleading to many. Stating that over 50% or that most companies have a going concern statement is simply not true. I asked for a reference because I already know the number. It's usually in the single digits, but I can creep up, in times of economic uncertainty. I can provide a reference-but you are right most here don't care so I won't discuss this further-it just doesn't fit your pumper narrative.
The bigger point is that approximately 60% of companies that state this material uncertainty, end up going bankrupt. That's from academic studies of auditors financial reports.
The bigger point to me, is I actually just wanted to talk about the financials to see if I could advance the thinking, mostly mine, as I try to improve my ability to analyze small companies. I'm realizing that this is a fools mission here. Most people that are here either have some built-in bias that they will take any information unless it's glowingly positive, and twist it around to promote the company
that's what you did. You simply took a post, and decided to start to go off and like Jopatchie decided to talk about something unrelated which might be promotional about the company. My point is I want to talk about the numbers because if you don't have working capital you can't continue to work and all the promises of the future won't happen. you won't acknowledge it, won't talk about the numbers, because you don't understand them or takes away from your pumping narrative. I don't enjoy these digressions here, so I won't do it any longer, I'm hardly here anymore at all anyway, I only come out when there's material data like the recent financials. Anyone who can read those numbers must have some serious questions about the going concern.
Ill be back if there is material information so I can learn from analyzing it. I spent the time and will follow this until it's successful or not
see ya