Tantalex Lithium Resources Corporation C.TTX

LOL, you know what else was released today?

[KozmoT]

Their Financial Statements, I'm guessing the timing was not accidental ... OUCH !!! I am not making this up, the company as of Aug 31, 2022 had $253K in Cash but had $2.5 million in Trade Payables and another $3 million in Loans Payable!!

[KozmoT]

But don't you worry about the management team, LOL, for the THREE MONTH period they managed to award themselves $375K in "Management Fees"... I kid you not. Dont believe me go look for yourselves.

[gimmycash2]

They should have taken 300k more for delivering the licence for their shareholders.

[ErinBrockovich]

To be fair, Kosmo, the plant opening would generate some revenue. It will take time to optimize this small plant. And profits often get eaten up as you find efficiencies. 30 million less expenses over a half billion shares, on an EPS basis, is not much money. They will struggle to reach over 0.01 EPS.  They need more money. Further dilution will kill this. Loans are likely and this

[DavidAb]

kosmot is bitter boy. But the "Permit is honey", we luv u

[ErinBrockovich]

David. Do the math. The plant needs to be assembled and optimized. Best case scenario is 30 million revenue, less expenses. By an EPS basis you are looking at 0.01 if all goes well. The 0.5 billion shares out there are an issue. 

[DavidAb]

we luv u 2 ErinBrockovich.