Carcetti Capital Corp V.CART.H

We are now trading at a big discount- I added more at 5.5

[loubastone]

This is all that matters. The rest of the garbage on this board is just that. One well didn’t hit, big deal it was free and doesn’t affect the bottom line. With Natural gas price skyrocketing in Ukraine, the next few Q’s are going to be extremely profitable.

Financial Results From Q1-Q2. Trading At A Huge Discount

Cub Energy Inc 2019 Q1-Q2 Financial Results. Keep in mind that all assets are in US dollar and 30% minimum needs to be added for find the value in the Canadian stock price

ASSETS
Cash: $7.429 M
Prepaid Expenses: $1.301 M
Receivables: $559K
Equity Investments: $9.046M
Property & Equipment: $4.055M
Non Current Receivables: $619K
Total Assets: $23.009M

LIABILITIES
Payables: $4.530M
Loan From Kub Gas: $5.391M – From Subsidiary Company
Shareholder Loan: $2M – From CEO who owns 40% Of KUB Stock
Provisions: $523K
Total Liabilities: $12.444M

Majority of liabilities are from connected parties in the company, not third party. Mikhail the CEO would never do anything do jeopardize that as he owns such a large portion of stock.

Earnings Between Q1-Q2
Revenue From Gas Trading: $7.454M
Revenue From Gas Sales: $126K
Net Income: $757K USD
Comprehensive Income: $1.936M


All this information is available on Sedar

Read more at https://stockhouse.com/companies/bullboard?symbol=v.kub&postid=30255010#Qz0SvChi1urwCZmd.99