Post by
Boddington on Aug 01, 2022 11:45am
CHAL BACK IN THE TEENS AGAIN $0.19 = $0.008 = 0.8 CENT
TEENS ARE HERE AGAIN.
$0.19 Cents after multiplying by 23! 0.8 cent worth of garbage $0.008
The company has accumulated 11.56 M in total debt
Chalice Brands has high likelihood to experience some financial distress
Chalice Brands' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt.
Chalice Brands has some characteristics of a very speculative Micro OTC pink stock
with debt to equity ratio (D/E) of 0.69,
Chalice Brands has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
However, a more frequent occurrence is when companies like Chalice Brands sell additional shares at bargain prices, diluting existing shareholders and investor equity
Comment by
SepiJM on Aug 01, 2022 12:21pm
Bodington, with a ratio of 0.69, you're saying that Chal has more equity than debt - the value of chals debt is 69% of the value of their total equity. It's this what you are saying? Because I thought you were telling us something completely different before.