Post by
ctblizzard on Dec 27, 2017 5:02pm
Financials and MDA on Sedar
Really not that much to see. Burn rate is down to mid 200k a quarter.
Had cash at the time the statement was issued but would presume maybe half was spent between Oct 31 and now.
No real news or anything interesting. No mention of the Atlas Cloud Mezzi purchase.
Lot of selling once again here much as I predicted. I remember that clown making fun of me for selling 1/2 at 42 cents and also people talking about 50 million dollar market caps.
Now it is a question of whether or not they can close the PP to get the three million. I have heard different things from different people. Some said it was closed and oversubcribed, others said it wasnt, others said the exchange had a problem with the price. My experience has been when you announce it, then 3-4 weeks later close a "tranche" of it, it usually never fills up. Companies usually ice in what they can if they feel people might get cold feet. But maybe this time will be different.
One thing mentioned is that if their investment changes what they do they have to file to change their business with the exchange, not sure what that is about.
It also mentions 1- working capital - as the first reason for the money.
Nothing like raising money getting paid all year even though for the calendar year 2017 Mezzi actually has negative sales (due to the reversal of earlier sales)..
I want a consulting gig like that. That said,we all hope for those 50 million buck valuations Eric was talking about but still a lot of stock to be sold and the 10 cent warrants as well.
Comment by
Tanker81 on Dec 27, 2017 6:38pm
Good post, history seems to be repeating itself.... fool me me once, shame on me...... fool me twice..... we’ll you just can’t fool me
Comment by
Tanker81 on Dec 27, 2017 8:58pm
Wow 52k in management fees and 216 k of goodwill for a 3 week old company at 51% interest....