CubicFarm Systems Corp V.CUB

The More Days Pass....

[bandit69]

I would say that based on my own investing experience, and simple observations in their financials and operations (i.e. overhead) that as each day passes the higher the odds that there will be a financing.

A company can have sales and revenues and still hit a cash crunch (i.e. $1 in revenues does not necessarily = $1 in the bank)  because it depends when those revenues trickle in to the bank account and cash flow management.  Even if a company has superior cash flow management, cash can run short.  It has happened to large corps just as with small ones.  The only difference is that larger corps typically have better access to capital.

I don't know, I could be wrong but I am placing my bets on those odds.

The marketcap is still too high and has a further downward trajectory to go to reflect conditions in my opinion.

[bandit69]

Q1 Results out this morning.  Here are the facts, you can determine your own conclusions: cash and equivalents beginning of period - 21,381,366 cash and equivalents end of period - 12,814,993 cash used during Q1 3mth period - 8,566,373  Cash and cash equivalents Mar 31 2022 - 12,814,993 Number of staff/contractors increased to 168 and lastly - "we can expect our

[therealmccoy]

you called it spot on bandit69...... appreciate your posts on this company..... years ago I owned Bevo Farms....., kind of like the "forefather" to Cubic Farms..... sold out before the Zenabis fiasco (glad i did)......  keep up the informative posts

[bandit69]

Thanks for the words therealmccoy.  It's not surprising to see this financing.  This financing looks like a bandaid to me at $10MM gross.  I don't think that's much money based on what I see as a high burn rate.  Not sure but maybe there was a cash crunch on the horizon.  I am surprised if they can sell shares at .55 since that's still over $97MM marketcap