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Bullboard - Stock Discussion Forum Forte Group Holdings Inc C.FGH

Alternate Symbol(s):  FGHFF

Forte Group Holdings Inc., formerly BevCanna Enterprises Inc., is a diversified lifestyle and wellness consumer packaged goods company. The Company, through its subsidiaries, is focused on developing, manufacturing and distributing lifestyle and wellness consumer packaged goods for in-house brands and white-label clients via a multichannel sales network. Its segments include Conventional... see more

CSE:FGH - Post Discussion

Forte Group Holdings Inc > Cash position?
View:
Post by luckyAF on Mar 10, 2022 1:19am

Cash position?

Just noticed the March 1 material change report... looks like there's not enough cash for the directors and officersto get paid their salaries so all the company's liabilities have been removed via more share issuance/dilution. 

ouch. how low are they on cash? hopefully they are still remitting payroll tax witholdings to the CRA. the annual statements will be interesting to read through. might need to spend an extra 15 mins.
Comment by Sal1958 on Mar 10, 2022 5:24am
LuckyAF old news. Will paste some of the other info on the March 3 monthly report. MONTHLY PROGRESS REPORT Name of Listed Issuer: BevCanna Enterprises Inc. (the Issuer). Trading Symbol: BEV Number of Outstanding Listed Securities: 241,985,159 Date: March 3, 2022 Report on Business 1. Provide a general overview and discussion of the development of the Issuers business and operations over the ...more  
Comment by shneps on Mar 10, 2022 11:44am
The revenue generated over the remainder of this year, from those (3) bottled water skus, won't even pay for the sales team's wages over a weeks period. They need to get off their butts and make some proper sales. That team came with a ton of supposed industry experience (along with high salaries) and have produced nothing so far. Signing white label agreements are not sales. Those are ...more  
Comment by Sal1958 on Mar 10, 2022 10:03pm
schneps you r always in left field. Trust pilot 15,308 reviews 4.5 stars excellent. When u post please spend more time posting accurate info. Another post with misleading info. https://ca.trustpilot.com/review/healthyplanetcanada.com
Comment by shneps on Mar 11, 2022 10:03am
Unfortunately I may be in left field but you are in right field. To be honest I don't trust any review sites at all because most are highly corrupted by fake reviews and paid promoters i.e. look at Bevcanna's list of hired firms that perform this kind of work. Don't trust any of them no matter what they say about their platforms. Welcome to social media bias.
Comment by Sal1958 on Mar 11, 2022 2:20pm
schneps 15000 reviews with an excellent rating. Whats not to trust on this board is your postings. 24 reviews. Haha. Ur showing your true weasel colours. Have a great weekend.
Comment by luckyAF on Mar 12, 2022 8:34pm
what I shared wasn't old news... it was less than 2 weeks ago. do you know how much cash they have? what you just shared was useless in the analysis of their cash position.
Comment by luckyAF on Mar 17, 2022 9:24pm
We just gunna ignore the fact it looks like this company has no money? Can anyone provide any evidence that this company has money? Can anyone attest to whether or not this company is up to date on it's HST and Payroll remittance obligations to the CRA? This is basic stuff people.
Comment by shneps on Mar 18, 2022 7:58am
This is definitely an issue but when there are no financial reports from the time period between November 30th and May 5th its really impossible to know what they are doing. Five long months of speculation. This is also the reason why they perform all of their backdoor dealings during this period. People don't pay attention and forget what's going on.
Comment by Sal1958 on Mar 18, 2022 8:29am
schneps they just completed the aqusation of embark. They r not filling a 10 minute tax return. When it takes time to do something to you they r working on back door dealing and not stream lining what they have to grow the business. Get rid of your crystal ball. Try to put some reality in your posting. Have a nice day
Comment by luckyAF on Mar 22, 2022 10:25am
They're acquiring embark for more shares... dilution. Like they've been doing for every "aquisition" they've made. So Sal do you know how much cash they have? Or where they're going to get more... to... like... run a business? Would love to know. But it looks like no one here does.
Comment by shneps on Mar 22, 2022 10:52am
If you look through the following link you'll see how Naturo (a nutrional supplement and water company) was funding Marcello's other ventures (RYU) just to have Bevcanna ultimately pay for this. He also shuffles money into the company by buying options or warrants and then has his wife (and possibly his son) sell those shares through loans and borrowings.  Keeping the company ...more  
Comment by shneps on Mar 22, 2022 10:56am
Sorry, forgot link. https://sedar-filings-backup.thecse.com/00046097/2203141321111051.pdf
Comment by luckyAF on Mar 25, 2022 5:55pm
Is there anyone from management or IR here? Establishing cash reserves isn't a big ask. How much cash does the company have? Are all CRA remittances (payroll, HST, etc) up to date? Why is management acquiring a company when it appears they don't have the cash flow to continue operating it as a going concern? This is turning into a bad joke.
Comment by Sal1958 on Mar 26, 2022 5:21am
LuckyAF there's is no one here from ir. U need to call them and ask these questions to get your response. U r getting very agitated for some one who does not own stock and comes by periodically to have a laugh. Have a nice day.
Comment by luckyAF on Mar 26, 2022 9:00am
Do you have a response or have you just closed your eyes and married this position?
Comment by Sal1958 on Mar 26, 2022 10:56am
LuckyAF . I am not ir. give them a call. Get the info u want. Have a nice day.
Comment by luckyAF on Mar 26, 2022 11:51pm
Sal you still jacked up and pumped about this stock and you don't know how much cash they have? Or if they've even kept up with their CRA remittances?
Comment by Sal1958 on Mar 28, 2022 7:24am
LuckyAF Every company goes through growing pains. U really want the info. Quit being a d$g f$cker and go get the info. U r so wanting to know the statis of the cash position. Go get it and quit wasting the readers time by comming after me to do your work. Have a nice day.
Comment by stealthct on Mar 28, 2022 12:52pm
what growing pains. The cannabis sector in Canada is dead. Way too many companies and the sales are spread thing amongs hundreds and hundreds companies.  The microcap guys will close shop. Watch and see what happens
Comment by luckyAF on Mar 28, 2022 3:21pm
Company's that grow go through growing pains. This company isn't growing. All this company has done is fail through time and enrich the CEO who doesn't speak - in my opinion. I don't need the specific cash numbers... it's obvious that this company has no money. Though I am curious whether they're able to keep up with their CRA remittance obligations give they can't pay ...more  
Comment by Sal1958 on Mar 29, 2022 5:14am
LuckyAF myself and a million other investors show up on this and other message boards on a daily basis in lue of our micro cap investments. U r the super technical investor why r u wasting your time on a micro cap company board? Its strange to see someone with your understanding of investing hanging around as u have called it in the past the the vulture exchange the casino of investing. as u say ...more