Baylin Technologies Inc T.BYL

fins

[mingzhu]

Key highlights for the three months ended March 31, 2021 include the following:

• Revenue was $23.5 million in the first quarter of 2021, a decrease of $3.4 million or 12.9% compared to the first quarter of 2020.

• Ongoing and implemented cost reduction initiatives continued to yield benefits with operating expenses $2.6 million lower than the first quarter of 2020.

• Net cash as at March 31, 2021 increased by $1.4 million from December 31, 2020 mainly due to proceeds from the exercise of common share purchase warrants issued in December 2020 and drawdown of the Vietnam Loan, offset by principal and interest payments, cash taxes and loss incurred on a consumer product in the Asia Pacific business line.

[ciretaka198]

This is going to Tank if amendment approved major dilution coming down the pipe There is going to be another financing as well.

[BIGMOE]

Well, they still have 12.6 Million in cash end of Q1/21.  Why do you need the debenture conversiosn?

[mingzhu]

ugly financials. management has to be changed.