Carcetti Capital Corp V.CART.H

Debt and cash reconcilation

[nozzpack]

On February 2, 2022, the Company completed the sale of its 35% interest in KUB Holdings and received cash proceeds of $2,600 and settled the balance in debt owing to KUB-Gas.

The effective date of the transaction is November 15, 2021. The debt was settled through the repayment of the debt to KUB-Gas and simultaneous issue of dividends to the Company, net of withholding taxes.

In Q4/21 KUB Gas received $7.93 million US in Dividends.

Of this amount, it paid  KUB Holdings $5.89 million US, which along with $2.1 million US in KUB Holdings equity held by Kub Gas as in Q4/21 .totaling $8.0 million US which extinguished the $8.0 million in Debt oweing to Kub Holdings.

So, in Q1/22, as part of the Sale of Kub Holdings amounting to $10.6 million US, KUB Paid, $8.0 million  to extinsguish the KUB Hodings loan and the other $2.6 million US was given to Kub as cash .

In addition..as posted earlier today, the remaining $2.17 million US of the $7.93 US dividend, has been listed as a receivable for Q2/22.

Having reconciled these credits and debits, including paying the $949,000 shareholder loan in Q1/22, I can see no errors in my computation that Kub entered january 2022 with about $12.5 million CAD and little if any debt.

[nozzpack]

On February 2, 2022, the Company completed the sale of its 35% interest in KUB Holdings and received cash proceeds of $2,600 and settled the balance in debt owing to KUB-Gas. I have searched the earnings and cash flows and can find no line entry for the $2.6 million US in Cash which was received on February 2/22. its possible therefore that the $2.6 million US in unemcumbered cash received

[JustforFun7]

"its possible therefore that the $2.6 million US in unemcumbered cash received February 2 /22 was not back dated to Q4 of 2021 and will show up in Q1/22 as well as the $2046 m US receivable." Oh boy. JFF7

[nozzpack]

You have been posting your drivel here since at least 2016. Your posts are typical of that of the average retail investor. Very little analytical content and no idea of risk reward outcomes. Get a life..

[Cross19]

Then if he does that, you'll have to stick to the facts... Hard to do for a Russian propagandist, master of misleading the uneducated.

[nozzpack]

The fact that you have been posting here for the same eternity period as Justforfun ( 2013 !! ) shows that no two people can be that stupid, from whence it flows that you are one and the the same person . Surely over that wasteland , any astute investor would  have taken the  tax loss and used the residual capital to try to recoup the losses in a more risk averse investment . You did