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Bullboard - Stock Discussion Forum HIRE Technologies Inc V.HIRE.H

Alternate Symbol(s):  HIRRF

Industrials Technology
HIRE Technologies Inc. is a Canada-based staffing company. The Company offer full staffing services for a range of industries, including information technology, healthcare, electric utilities, and even nuclear services. It has and employs both W2 employees and 1099s, and provides individuals under contract, temp-to-perm, and direct-hire placements. The Company offers staffing services that fit... see more

TSXV:HIRE.H - Post Discussion

HIRE Technologies Inc > This is trouble
View:
Post by SavvyDealer on Apr 03, 2020 12:40pm

This is trouble

Hearing of catastrophic cashflow situation with this company. Another round of layoffs last week, including entire VP group. M&A is impossible without any money in the bank.

If the RSI deals falls through, which is looking probable, this company won't be around for Christmas.

GLTA
Comment by RollingDice on Apr 05, 2020 2:11pm
You're right. The RSI deal is NOT financially possible any longer. Sorry to say I've lost money on these guys. They only have enough capital from the IPO to last another few months and we won't be done with COVID's impact on the hiring market by then. The CEO and President taking $400,000 USD in salary is irresponsible. It's awful when companies like this lose money so ...more  
HIRE Technologies Inc