CEMATRIX Corp T.CEMX

How many warrants were there?

[DougInGreen]

Can someone please fill me in. Maybe I'm remembering wrong but I though market cap was around 30 million when SP was at 0.50 cents. SP currently is at 0.38 cents and market cap is 50 million. So either I'm remembering wrong or there was a LOT of warrants and I should have been paying closer attention. Does anyone know off hand how many new shares were added?

Last time I did the math for them to be profitable at historical profit margins they needed to do about 30 million in annual sales. Given that their backlog is going to execute over the next 5 years I would say the current SP makes sense, however this is an infrastructure play for me and fully expecting them to benefit from the infrastructure spending that just got approved in the US.

Cheers

[Kalsabor]

the one at .81$ or .30$ or the incentive one.at .415?

[DougInGreen]

What were the 0.30 cent warants and how many were there? The incentive option is for just under a million shares and I'm not too concerned about it. Looks like there are also just under 18 million shares that haven't been exercised in connection with the public offering but given that the SP needs to go above 0.81 cents I'm not immediately concerned about that either. Hope they do

[Kalsabor]

ok i think that's what you're looking for https://www.globenewswire.com/en/news-release/2019/08/26/1906414/0/en/CEMATRIX-Corporation-Announces-Closing-of-Fully-Subscribed-2-3-Million-Private-Placement.html

[DougInGreen]

Thank you. That's still only 1.6 million shares. My only guess as to why I'm so confused is that I must have looked at the SP and market cap after the SP had fallen but before the majority of the shares from the public offering had hit the market (which must have hit the market at a loss to the issuers). I'm just kind of surprised to see the market cap at 50 million with the share

[Kalsabor]

if you expect the sp to drop so low, how come we're trading with the sp going up with a bad Q2/ and possible warrants still out there? I feel like once the warrants date is out of the way, they got no time to waste and proceed to the U.S acquisition asap, or they'll miss the "Biden infrastructures plan" boat

[DougInGreen]

I would say at market close today that the stock is fairly valued. 50 million market cap at 35x PE (what I consider to be an appropriate PE for a high growth company) requires 1.5 million net income profit. Investor materials claim 25-30% gross profit but the last time I looked at their financial statements around 15% gross profit was closer to the historical average. Based on their fixed costs

[Kalsabor]

wow.... Doug , give me your phone number i' m giving you my portfolio...all making sense to me

[Alwayscrazy]

Yes Dougingreen ,it's makes a sense,the problem is management ,the CEO said board can't do the job, I do have many reasons to say that, I am aware of that, you guys don't, if I say couple of things, you would be stun.  

[Joe455]

New management would help things get back on track.

[prophetoffacts]

This post has been removed in accordance with Community Policy

[TopStockBuy]

Doug, where do you get $12M in debt due this year from?  I read the financials when they came out and if not mistaken there was $4.5M ish in long term debt remaining (two loans payable monthly), due 2025/2026.  They clearly stated the financing was for acquisitions, expansion and paying off high interest debt, which they arealdy did (Loans 123 are paid off).  They have just over

[DougInGreen]

My trading platform is showing 12 million in current liabilities with 9.3 million as the current portion of long term debt. I clearly need to go through their actual financials again and figure out what's going on here. Too tired to do that tonight though.

[TopStockBuy]

My platform is very slow to update as well.  I believe the convertible debentures add another $3.6M to the debt (remaining as of June 30th), and they hope to convert them all to shares, as per Jeff.  Some have already been converted.   All in all, their balance sheet has significantly improved and they can easily continue to make the monthly loan payments with exisiting cash

[Alwayscrazy]

They keep all sinsitive information, money wise financial wise negative impact also thier bad decisions, just the buuullSh@it converted  to positive, which underneath full of Craps, I have lost all the faith in them bunch of Jeeeews , r

[Alwayscrazy]

They are Crooked liars thief Conners Co@k Sucker Big Time, they have no Sensitivity what so ever, they are beasts, I will call them to tell them that, bunch of Judith. I wish them miserable life, I hate them with passion.