Jack Nathan Medical Corp V.JNH

3rd Q and 9 months 2020 financials

[mba123ccu]

IMO not exactly a good 3rd Quarter, overall a decent 9 months after taking into consideration they only went public around the 3rd quarter/20 and then infrastructure costs related to expansion, recruitmant etc also had an impact.

Balance Sheet as at October 31, 2020

• Cash of $5.4 million (January 31, 2020 - $0)
• Total assets of $6.8 million (January 31, 2020 - $1.7 million)
• Total liabilities of $1.3 million (January 31, 2020 - $2.8 million)

I wonder how the market will react to this loss and overall position of JNH. The SP has been falling consistently over the past couple of weeks. We'll see what tomorrow brings, further drop or increase in SP?.

Jack Nathan loses $78,610 from operations in Q3 2020

[Grinded]

Plus the money raised from the warrants. They have around 10 million cash.  i think the big key take away is they will be transitioning into clinic operated and managed - instead of collecting licensing fees, they will process billings. This will be huge for revenue. (Well health has 14 clinicly managed and operated and collect around 4m each clinic) Jack Nathan has the opportunity to