Bullboard - Stock Discussion Forum Unisync Corp T.UNI

Alternate Symbol(s): USYNF

Unisync Corp. is a Canada-based vertically integrated company with capabilities in garment design, domestic manufacturing, and offshore outsourcing, including Web-based business-to-business (B2B) and business-to-consumer (B2C) ordering, distribution, and program management systems. The Company operates through two business units: Unisync Group Limited (UGL) with operations throughout Canada and... see more

Add To Watchlist

TSX:UNI - Post Discussion

Unisync Corp > Annual loss 1m

View:

Post by Froggy1 on Dec 30, 2020 9:53am

Annual loss 1m

Not bad given c-19.

$1 million loss certainly better than last year's $4 million loss. I noticed they received government welfare to the tune of $1.5 million under the "Canada emergency wage subsidy" - note 16

so that means I would've lost 2.5m.

I noticed the folks from peerless want their 1.5 million this year payable on or before April 10, 2021.

i'm not a financial guy so take my opinion with a grain of salt but I think these guys have a liquidity problem that can only be solved by making profits and leaving that money in the company. I think it will be a five year project to get this company healthy again.

199