Entourage Health Corp V.ENTG

please read page 30 of financials

[babasilvi]

On February 11, 2021, the Company announced it has entered into a letter of engagement with Eight Capital, under which Eight capital has agreed to purchase, as joint bookrunner and co-lead underwriter along with Canaccord Genuity Corp., 21,342,000 units of the Company (the “Units”), on a bought deal basis at a price per Unit of $0.82 for gross proceeds of $17,500,440.

Think about it.

[prested]

But the deal was based upon audited statements which the company has revised. Therefore, the deal may be cancelled or revised. In fact, it is not outside the realm of possibilities that Canaccord and 8 had their auditors look at the books and demanded they be revised so they could weasle out of the commitment. No?

[shenry24]

I honestly haven't looked into the deal specifics, but on the news release it says the statements they revised were "unaudited".   Your theory makes sense.  If I had that much money on the line at this point, I'd be trying to find a way out, too!   Toronto, Canada, February 26, 2021 – WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the

[prested]

The September statements with Sedar say audited. The revised ones are not. One wonders how it was that the auditors saw values that were later 're-filed' as worthless. I can see writing off the goodwill at some point or amortising it as Aurora has done ($3.8 Million in 6.1919 $1.3 in 6, 20200, But all at once and all of a sudden, doesn't make sense but, thank goodness, I am not an

[Method]

The Q3 results say unaudited which makes sense because no one audits Q3 numbers. The filing in September also says unaudited.  It totally makes sense that the auditors came in to do the year end audit and decided to restate Q3 instead of put it through Q4 which the new CEO probably wanted to avoid.  it's all non-cash and shouldn't really matter going forward.  I own

[prested]

You are right Method, I think I must have been looking at the wrong year! I agree that it would make sense for the auditors to say lets write this stuff off now George, so you can start with a clean slate. Unfortunately, I think it will have a short lived negative effect but one suspects that cunning George will be pulling rabbits out of the hat so fast it will make our heads swim and our SP rise.

[InvestingFool50]

Lmao ..The Q3 results say unaudited which makes sense because no one audits Q3 numbers. Yup no company ever does this..

[CannAvenger]

Short form prospectus offerings do not required audited quarterly financials.  As a POP issuer, they incorporate YE audited financials and auditor reviewed quarterlies.  Potentially the dealers do not close on a Material Adverse Change/Effect.- but I doubt it given that it is an impairment of Goodwill related to the Starseed acquisition... and typically Goodwill impairment testing is a