Halo Collective Inc. N.HALO

Q2 Results- Another disaster

[PrincessKate]

So revenues are 10% down from previous quarter...and wait for it: they have now lost >$18M of cash operationally in the last 6 months on $19M sales....

But hey, they have now ~2.2 billion shares in circulation...will soon be >5 billion now that only $6M in the bank, but have over $20M of short term liabilities....and the only way to get to $70 annual revenue means at least another $50M of working capital injection...and that is not viable....

....so brace yourselves.....fundraising at <2 cents now that they have proven an unviable business model?

But look at the bright side: only $6M of compensation was paid to some people these last 6 months...I wonder who?

...my two cents....

[Stockwonder]

Only 10% down in respect of massive corona issues ? Future is uncertain, but living with corona is gradually becoming a habit. Growth after corona is certain.  

[ACBMADEMERICH]

Your comments are cherry picking. You fail to mention that they have short term assets of $32m which more than covers the short term liabilities. You throw around 5B shares with no basis for that number. You  fail to mention they already raised an additional $9m after June 30th and most importantly you fail to mention the $11m revenue per month run rate we be at by the end of the year. This

[CRYPTOAD]

this one is gonna get better--im buyin all i can here!!just the foreign assets are worth double the pps here!!

[PrincessKate]

...interesting ppoint of view... I am cherry picking? Why didn't they include cash burn information in their Q2 result release? Most important bit in their financials....but nowhere mentioned in the release....So who is actually cherry picking? All about smoke & mirrors....just liik at all of the announcement these last 2 years.... Growing a business? There is no business mate...a

[ACBMADEMERICH]

Another loser bashing Halo and spending time on this board without even owning the shares. I wonder why? You have no knowledge about building a business. If so let's hear your great ideas otherwise stfu.

[PrincessKate]

...touched a nerve? ...why would I invest in rubbish like this...uninvestable.... even Halo's CFO concluded that... ...so here is a tip...is a CFO resign...or sell his/her shares....sell ASAP....as proven in this case...also... look at the rest of the exec team...no skin in the game... they are milking it at this stage becuase they know the end is near.... or have you missed that part in the

[ACBMADEMERICH]

Again your comments are all wrong. Going concern notes are standard in financial statements, especially for start ups in the cannabis sector. Certain management and directors have significant skin in the game. The CFO did not resign and only sold shares because he got compensated in shares. In addition he holds significant options which he can exercise at the right time. You are simply taking a

[PrincessKate]

...again...I don't invest in rubbish...so not interested! ....just trying to warn gullible people about these type of lifestyle companies...where gullible shareholders are using their lifesavings to maintain management teams' lifestyle... ...quid pro quo: they have received about $200M of cash to date....how much of that was paid on compensation to management to date....? $10M plus /year

[sollmg]

Don't waste your time ACBMAD. PK is just one of the German Short Sellers that infests the twitter board. As before, sitting on the Bid at the current level is the best way to pick up shares. Even if its just for a flip. GLTA

[PrincessKate]

...and guess what: I am 80% up by shorting it...and you guys are 80% down since my previous comments.... ....but hey...look at the bright side...I will close my short when this is $1 post consolidation...or 1 cent pre consolidation...but I think this will soon trade ...anyway.... don't tell me that I did not warn you guys!!! ..my two cents....