CO2 GRO Inc V.GROW

New Press Release - CO2 GRO Inc. Announces Delay in Annual Filings and Expected Cease Trade Order Pending Completion

TORONTO, ON / ACCESSWIRE / April 26, 2024 / CO2 GRO Inc.. ("CO2" or the "Company") (TSXV:GROW) announces a delay in the filing of its audited annual financial statements (the "Financial Statements"), management's discussion and analysis and related chief executive officer (CEO) and chief...read article.

[Longholder99]

So.......we cooked here or what?

[marketmover1]

Roasted.

[Longholder99]

Anybody want to speculate what's going on?   They have income and no real debt   lots of contracts on the horizon......very confusing.  

[spck11]

No one knows. How can they take 4 months to file financials with how little they have going on? They tried to raise up to 2.5 million with the most generous terms I've seen in my life and they didn't even fill 10% of it.  Their PR and that pixture of that sales booth looks like a grade 4 science project. Like I just don't get it. The physics behind their stuff is true, 

[marketmover1]

Yeah agreed....strange. I don't think I've ever seen a press release announcing the intends to be in default. Usually a trading halt is issued by the company and a press release after that. Certainly got to question yesterdays action on the exchange. Wasn't huge volume but large relative to average trading volume. Was somebody in on GROW's intentions.  It was evident that we

[spck11]

Yesterday morning a 400k share dump would have brought the price to 0.005. Then all of a sudden there were 2 million shares on the bid between 0.005 and 0.03. It was really weird. I dumped everything at 0.035 yesterday as I just knew something was up,  but thought it was RS and raise... not this.  It's a shame as this tech seems urgently needed. But a good tech doesn't mean

[Longholder99]

This seems purposeful and managed.  Like they are waiting for something that didn't happen on time and needed to stop the spiral.  Maybe some kind of hail Mary.  If they were just burning out and running out of cash the Financials would have been a forgone release for a Friday after trading like all bad news   There's more to this I suspect.  

[cashmein]

Guess our last hope is that it be sold to a tsx co. Quite a shock this morning  : (((((((((((

[marketmover1]

Especially the last bit in the press release. Possible partnership or sales of assets. Not sure what assets they are talking about though. I suppose the only asset they have is the patents on the tech. Not even sure they have patents as they never really explained the so called patents. This company has been run into the ground by bad management in my opinion. No business acumen whatsoever. 

[marketmover1]

I certainly didn't expect this news. Maybe and I hope there is more to it. It's like management just threw up there arms and said we give up. I would lean more towards GROWs inability to land the EU customer and zippo from rose growers in South America. If not then any possibility of signing these contracts have evaporated due to this news. I mean I don't imagine any customer will be

[lscfa]

There's lots of small co.s with CTOs or MCTOs this year.  Are auditors swamped with work or are they insisting on large retainers in advance to do the work?

[lscfa]

The co. just announced 2 projects completed for $1.5M. Assuming 50% gross margin it spent $750,000 to supply/install the systems. Big mistake letting customers pay over 10 years. Maybe co. can borrow money against the payments to be received. Or make the damn repeat customers pay an upfront deposit for any future orders.