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Bullboard - Stock Discussion Forum infinitii ai inc C.IAI

Alternate Symbol(s):  CDTAF

infinitii ai inc. is a Canada-based company engaged in providing environmental monitoring to water infrastructure utilities in the United States and Canada. The Company provides artificial intelligence (AI)-driven predictive analytics for smart city water and smart industry infrastructure applications that rely on time-series data. Its software performs real-time analysis, checks flow... see more

CSE:IAI - Post Discussion

infinitii ai inc > 1-2 Quarters left
View:
Post by northman on Mar 13, 2023 7:39pm

1-2 Quarters left

Took a look at the annual report released on March 1. Here's some highlights:
  1. Current assets down to $800k vs current liabilities of $850K
  2. Cash and AR of $800k total vs AP of $450k... so basically net working capital of $350k assuming the other current liabilities will somehow be deffered
  3. Q4 operating loss of $330K on revenue of $520k
With $450K absolute maximum of available liquidity, they will be running on fumes right about now so you should expect 1 of two things in the near future:

1. massively dilutive equity raise
2. massively dilutive convertible debt raise

Nobody other than an insider would ever lend money to the company at this point, so it's going to be an insider, or a round of insiders and family. If this does not happen they will be toast likely before the end of Q2.

Either way your investment in this company is essentially worthless.
Comment by northman on Mar 13, 2023 7:45pm
Oops my mistake. Didn't read all of the news reports. Looks like #2 has already occurred with this 3D convertible debenture. So guess what! Even if the company starts to do well over the next 12-36 months then 3D will convert $500K of debt to buy, at $0.07 per unit, one common share and one warrant to buy at $0.15, so essentially about a million of dilution or 16% of the company.  I ...more  
Comment by bingostar on Mar 13, 2023 10:01pm
With the last convertible debenture they should be oK for the remaining year . Burn rate was 300 K$ in last quarter and should be reduced in the coming quarter . So no dilution this year and watch the new contract revenues in the next weeks,
Comment by Resilience19 on Mar 20, 2023 2:58pm
And now they announce the CEO of 3DCapital is becoming "Strategic Advisor"!? IAI is REALLY screwed....
Comment by chesterchew1234 on Mar 26, 2023 5:32pm
Another pinhead with all the answers.   Ill put my money on Inwentaash.   Very few juniors make it to profitability but this one has a chance.  Thats what the longs are here for.      
Comment by bingostar on Mar 27, 2023 1:21pm
I agree with you , the Inifinitii  esaas series corresponds to  a real need for cities , and 3D capital is all in with this stock cause its a game changer.
Comment by northman on Nov 24, 2023 2:06pm
Should have listened to the pinhead Chester! I've been telling you for a long time to get out of this dog!
Comment by diamondlessnono on Mar 23, 2023 12:32pm
As long as i get .08, i will be out. After today , soon to move on. 
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