Post by
markgreen on Jun 02, 2022 2:19pm
For every $1 Chalice owns, it owes >$68 in debt due NOV 2022
We know that no financial report was presented, a late filing, or none filing of the annual financial statements, we know that a new debt was created and all the liquidity was inputted in a new acquisition AGAIN, for more stores and a new platform, then IROCC stopped it all and we presume..(or hope) that they are investigating the misconduct of the administrators/owners/directors/founders and debtors (being all the same people) that took place over the years. It's a big mess and i doubt that we can recuperate, but miracles can happen. It's a Canadian public venture company that was emptied with acquisitions by American interests in multiple private companies in Portland Oregon. The debt is uncontrollable and only interest are paid regularly to the same people mentioned earlier that are our debtors. There, that's about what we know and the case.
Comment by
GustheGreek on Jun 02, 2022 3:30pm
You're exactly right. Very well stated, but the only difference between Challice and almost all the other pot stocks, is that the idiots failed to file financials, for whatever reason. Otherwise the vast majority of pot stocks, are in the same financial shape, if not worse. Look at Hexo, Agra, etc...
Comment by
PortlandBlazer on Jun 08, 2022 5:08pm
Your analysis is right. Rebecca's is wrong. Yahoo flagged their numbers, saying they should be interpreted as 68%. As in debt = 68% of (debt plus equity)