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Bullboard - Stock Discussion Forum West Island Brands Inc C.WIB

Alternate Symbol(s):  WIBFF

West Island Brands Inc. is a Canada-based multi-faceted cannabis company. The Company operates through its subsidiary, RoyalMax Biotechnology Canada Inc., which is a Health Canada license holder with a cultivation license, processing, medical sales and sales licenses. The Company works with Yunify Natural Technologies, a Quebec-based health and personal care research and innovation company that... see more

CSE:WIB - Post Discussion

West Island Brands Inc > Good news?!? I think you better read a little more closely
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Post by KozmoT on Nov 16, 2020 5:25pm

Good news?!? I think you better read a little more closely

They just got an extra 30% of the entire Dorval operation (PLUS whatever RoyalMax owed Matica!) for the cash equivalent of ... $3000  That tells you the value of their one and only cannabis operation is somewhere around ... $10,000  Yet according to their own financial statements they put in OVER $7,000,000   Gosh something sure seems fishy there doesn't it?

And keep in mind, that is what RoyalMax was willing to take just to get OUT of it!!

LOL.
Comment by KozmoT on Nov 16, 2020 9:09pm
Schitt, its worse than I thought, I just realized ... Matica didn't GIVE RoyalMax MMJ shares to acquire the extra %age ... no, Matica BOUGHT shares of RoyalMax to settle what RoyalMax owed TO Matica !!..  Folks, that is seriously f*cked up.  Something really really stinks here. "Matica has purchased 100,000 common shares of RoyalMax in satisfaction of the penalties owing to ...more  
Comment by BoZiger on Nov 17, 2020 9:53am
Didn't they pay RoyalMax around 800k to get from 65% to 70% a couple of years ago? Now they get the other 30% for a case of beer because RM determined they'd rather not pay what they owe instead of owning 30% of nothing. LOL. Nice work by Boris trying to spin as positive. I see a management Bonus coming here. JJerrryy is buying huge blocks as we speak.
Comment by Noscams on Nov 17, 2020 8:52pm
Has any " Deal " that Boris has made ever made a positive cash flow or amounted to anything ?
Comment by KozmoT on Nov 17, 2020 8:59pm
No deal he ever made was ever meant to either amount to anything or make money to anybody but him
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