Naturally Splendid Enterprises Ltd V.NSP.H

Get out. While you Still Can.

[northman]

This company is going to zero. They are effectively insolvent right now. Take whateveer money you have left and get out. They have a working capital deficit of over $2MM and they are losing money on every sale. 

Absent a capital raise they will be out of business inside of 12 months. Either way you lose your money. I'm not speculating here either. I say this with 100% certainty. There is no hope for any of their products so don't get into a product discussion or some future scenario where this works out. It won't. Z-E-R-O Zero.

[GAMOOD2]

" I say this with 100% certainty."  Wow, share your secrets, I have never been able to accomplish this level of prefection! And your first post on the board.  You must have been lurking, reading PR's and Sedar publicationsi for some time.

[northman]

Yeah I mean I guess that came off a little cocky. Just trying to prevent people from losing their savings on BS companies. I made this same call on another bullboard - FastTask Technologies. There was someone like you there too who didn't want to believe it would happen. Then it happened and another posted asked me to review this company so here I am. I present to you the evidence based on

[northman]

Oops my bad. I did not read the end of July news release that they had raised $2.5mm in a private placement at $0.05 per share. This might seem self serving, but just based off of the March financials I predicted an equity raise. The only person who would give this company money is the CEOs mommy. More money is just delaying the inevitable and not even by that long. For example - $2.7mm working

[divot111]

Bingo! The sheep here will still try to dispute your reality. Some only learn hard lessons even though they have been warned for years. How is goodwin still in charge here. Ridiculous. good luck sir

[G1945V]

"Get out. While you Still Can." ....Well not so fast! Naturally Splendid Signs Definitive Agreement G1945V

[northman]

Or..... faster. Read the news release a different way. NSP signs definitve agreement to spend more money. Revenue and profits TBD.

[Curc2020]

Heck they are already spending too much money and make little profit as you see in the financials. Funny part is they will keep surviving, as they have for the last 13 years or so. Keep a note in your DD research, If you have not followed them for some time, you will not see their massive distribution network that has been put in in place since their Cannibus days a few years back.  They

[NSP6969]

That's very well said, this stock could easily drift down lower . I reread the financials and that's a massive debt load ( payables ) with really small sales currently. But we will see the Q3 number's.

[G1945V]

Actually, I'm hoping the Q2 (June 30, 2021) interim financial statement will show some improvement over the Q1 when it comes to Natera plant-based food. G1945V

[dontknowmuch]

Hey “G1945V”, IMO that's setting the bar pretty low for plant based food sales for Q2 given the past numbers ;<) Time to review the three news releases in the section that follows.  (1) Fourteen pallets – we don’t know the size of the pallet, how high the product was stacked or the type of product that was on each pallet so difficult to put a number on this one.  I would guess

[northman]

How am I doing on this prediction so far? Seems pretty spot on. 

[bagcheese]

Is that KFC I smell? Or just another 'Chicken Little' the sky is falling? Buck Buck Buckock!

[divot111]

Support your pump and buy some shares pumptard. Is this at .05 yet? Lol

[Notthatbright]

Wish now I sold my lot when I could salvage a little more.  Oh Well, Still a bag holder. Look at the BID/ASK #s and volume.  We fc$$ed!

[northman]

forgot to include the prediction.

[northman]

it might be painful to eat these losses, but if you currently own NSP please sell it. Their entire asset base is exceeded by their AP. This is going to ZERO in 2022. I would suggest selling a little bit at a time with a limit order, although I doubt you will be able to sell. I have no idea why anyone would buy this.

[northman]

From August 2021. It was so friggin obvious.

[jennifer8]

how??  zero volume??

[NotThatBright2]

Sell to the BID.

[northman]

This aged well! I wish my bull cases panned out as well as my bear cases.

[northman]

Oops meant to quote.