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EasTower Wireless Inc V.ESTW.H

Technology Electronic Gaming & Multimedia
EasTower Wireless Inc. is a Canada-based company. The Company has no business operations. The Company is in the process of identifying and evaluating businesses or assets with a view to completing a change of business or reverse takeover.


TSXV:ESTW.H - Post by User

EasTower Wireless Inc
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Post by tooez1on Nov 14, 2022 6:35pm
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Post# 35098229

Excerpt from today's financial release...Looks very grim...

Excerpt from today's financial release...Looks very grim...No idea why CEO lent $90,000 to the company...I would doubt a government training grant/ a reasonable P.P./  or some other miracle is forthcoming.  I am very disappointed in the 3rd quarter financials along with anyone else who thought ESTW would forge positively ahead. Judging by the  continuing bailout toward close, these financials were well guessed in advance.

"The Company’s monthly burn rate on average, which was calculated as cash spent per month in operating activities, was approximately $193,000. At its current operating level, the Company will not have sufficient funds generated from ongoing  operations to cover short-term operational needs."
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