Death knell...Over 3 mil loss - that's even worse than I could've ever imagined! Throw my technicals out the window - all bets are off with these fundamentals. Would recommend opening bids at .25-.27 book alone tomorrow.
Still 1.4 mil cash left in the cookie jar at least - but at proper burn rate they're back to debt or total dilution in one quarter!
WTF are they doing paying salespeople (3,284,907) this year for a huge net loss over (2,505,448) last year for the slim gain ?! Dump the BOD, management and sales at this rate! ROFL are commissions in CAN$ ?!
Even Kevin Vachon spelled out back in the day they'd have to hedge US currency once they'd grown! No excuses whatsoever there... 900K lost in currency differential ?! (The CFO probably skipped a few classes when FX came up on the board back at Pee-Yoo U.)
Such a shame - it used to be a great little company. Let's hope the next owner cleans up shop, sees value in the sum of it's parts and turns it around...
(cough - IMHO, all statements may be spurious - like NVO profits)