BBTV Holdings 7 Unsecured Convertible Debentures T.BBTV.DB

$23M negative WC ...

[mesa1]

suggests the company should be considering raising money. Could explain the walk down by players seeking a bought deal?

Working Capital = 77,3734 - 100,365 = ($22,992) (in millions of CAD dollars)


Current
Cash and cash equivalents (Note21)                             15,958
Trade and other receivables (Note5)                              53,159
Inventories                                                                             76
Other asets(Note 6)                                                        7,629
Prepayments and deposits                                                  551
                                                                                       77,3734

Non-current
Prepayments and deposits                                                    81
Deferred tax aset(Note13)                                                     12
Property and equipment(Note7)                                        1,710
Intangible asets (Note8)                                               212,590
Goodwill (Note9)                                                             156,705
Total asets                                                                    448,4714

Liabilities and Shareholders’ Deficiency
Current liabilities
Accounts payable and accrued liabilities (Note10)          99,681
Currentportion of lease liabilities(Note26)                             684
                                                                                        100,365

Non-current liabilities
Deferred tax liability (Note13)                                           35,527
Long-term portionoflease liabilities(Note26)                         552
Borrowings(Note 11)                                                        47,979
Total liabilities                                                                 184,423

Shareholders’ Deficiency
Sharecapital (Note14)                                                   262,827
Contributedsurplus (Note15)                                            9,153
Deficit                                                                               (7,606)
Accumulated othercomprehensive loss                             (326)
Total shareholders’ equity/(deficiency)                          264,048
Total liabilities and shareholders’ equity/deficiency     448,4714

[marketguru]

we are seeing strong movement today. I suspect if there is a PP it will be above IPO price which makes anything under 16 a good buy opportunity 

[OkanaganDad]

I did not notice the working capital issue here, when I went over the numbers, so good point. Cash flow is an important issue, and if it pauses for a time they need to be prepared.