MYM Nutraceuticals Inc MYMMF

MYM's Great Financials Show Why They Shouldn't Sell Out

[NLMoose]

In light of MYM Nutraceuticals' great financial performance, including a major EBITDA improvement from same quarter last year from a negative to a positive, and also start generating good cash flow, now you know why it's a bad idea for them to sell out to IM Cannabis.

However, MYM Nutraceuticals needs to work on their Calendar Literacy as they considered the previous quarter as "Quarter 3 2021".

Technically speaking, a 3rd quarter is July 1 - September 30, not December 1 - February 28.

With MYM showing great improvements in their financial statements, they are better off remaining as their own company as opposed to being in the hands of IM Cannabis.

[WeeblesWobble]

Gotta love financially literate people who would know that financial statements are prepared on a fiscal period basis, not the calendar year.  Since everyone knows MYM's fiscal year ends on May, 31, no one is confused by the reference to Q3 2021.

[RockMaschine]

And that they change based on when the company first begins reporting. The thing I simply don't like is the company cannot increase their cash reserves significantly at the pace they are going. There is no way they are able to get any more significant growth given their market position and how much higher their product pricing is. Always less than a million dollars with $5 million owning to