Wildpack Beverage Inc V.CANS

Financials

[mjh9413]

Their gross margins are seriously NOT a joke. They owe over $30MM and I wud love to see how lenders determined they would ever pay it back. eom

[Dixiedee]

  I did my due dilengce on this stock over the last 6months to 12 months ago  at that time I felt they over expanded took on to much debt and had to much unused capacity now that  rates are going up rapidly and we are enntering into a recession  I would be surprised if they don't go bankrupt by in the 1st half of 2023 or sooner  The stock has gone up 60% since I

[mjh9413]

In fairness the borrowing is mainly the debs and these are fixed at 8%. TAB lent them money but theirs is fully secured. Main scary feature of borowings is the debs are due June and I think October of 2023. All warrants and options are I believe out-of-the-money With the small margins on the whole cans business, they will not as far as I can see have cash flow to repay and new credit facilites

[Dixiedee]

You saying they borrowed at 8% when rates where almost zero thier new rate could be 16 to 20% if they even get financing