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Bullboard - Stock Discussion Forum StageZero Life Sciences Ltd T.SZLS

Alternate Symbol(s):  SZLSF

StageZero Life Sciences, Ltd. is a Canada-based vertically integrated healthcare company. The Company is engaged in improving the early detection and management of cancer and other chronic diseases through diagnostics and telehealth programs that provide clinical interventions to assist patients who have cancer (COC Protocol), and help patients reduce the risk of developing late-stage disease... see more

TSX:SZLS - Post Discussion

StageZero Life Sciences Ltd > Q1-2021 ER Thoughts ..
View:
Post by johnny007 on May 17, 2021 8:23am

Q1-2021 ER Thoughts ..

not cutting it at all.

- covid testing is making losses or are at zero

- current liabilities increasing (12 month) -> offering coming up!

- total liabilities increasing, equity deficit increasing

- balance sheet summary: getting worse,
  admin burns too much cash for .. ?

This is not a financial setup to kick off a merger (or acquisition),
financial details of CoC?

Cringy .. I will be fair: I sell my remaining shares ASAP,
if the conference does not disclose some magic.

Would require transparency for Aristotle sales,
but its all hidden behind CoC/AVRT (a brand new 'program').

No, not bullish on this. Sorry!

These circumstances create material uncertainties that cast significant doubt as to the ability of the Company to continue as a going concern and, hence, the appropriateness of the use of accounting principles applicable to a going concern.
The Company is actively pursuing additional financing to further develop certain of the Company’s scientific initiatives, but there is no assurance these initiatives will be successful, timely or sufficient.

Comment by johnny007 on May 17, 2021 8:31am
A New Beginning, I read on the 1st slide. In this case I like to hear them explaining how it shall be financed incl. merger/acquisition. Also still waiting on the CoC financials! OK: 5.5M loss are just paper losses, so the adjusted loss is around 1.7M (not 7.3M). Still .. its 2M burn a qtr for StageZero, how much for Coc? Then 6.2M current liabilities must be paid next 12 month, most sooner ...more  
Comment by johnny007 on May 17, 2021 8:37am
CFO should come up and explaining how they will do debt payments, capital raise and become profitable. Give a realistic vision etc etc. I doubt though.
Comment by johnny007 on May 17, 2021 9:02am
He talks about cash on the bank? They have a negative working capital balance, 6M cash and 6.2M current liabilities. At least 2M qtrly cash burn. Wrap it up? Was the one important analyst missing today's show? Clarus, where were you? Financing via banks? No collateral. I doubt. OK friends, I will be gone for a long while again. Cheers.
Comment by CashCow23 on May 17, 2021 9:19am
Sorry but im new to understanding financial statements... can you help me understand what is Short-Term Portion of Warrant Liability? it seems to be a very high number in the CL and really throwing off their working capital.  Obviouse that is a rhetorical question but shows you how somepeople just try to create a narrative.  In anycase, Tripp needs to be replaces and Stage needs to ...more  
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