NeutriSci International Inc V.NU.H

Latest Financials

[Cdnguy81]

Were posted last night. It shows $130k~ from Tabletz. So, I'm no math genius, but a $130k deposit doesn't go hand and hand with "multi-million" purchase order. Looks like you all got hosed by Glen yet again . Those 18 cent shares impute a $28 million MC. Yes, the company is definitely worth 100 times sales, given they're barely selling six figures lol. We warned you that Glen couldn't deliver and you all doubted us. Let's see how Ed, spins this latest disaster.

[lscfa]

A deposit could be 5% or 10% of the total order size.....

[Edcando]

Yes it very well could be! Or not?    @cdnguy there's nothing to spin lol. Either the deposit % amount is a small one, they haven't received all deposits right away (tiered?), the order status changed and along with it whatever accounting principles in place changed the amounts received , or the order was changed when paused?  How could someone spin what they don't

[CaptainCrunchy]

I wouldn't be surprised if finacials came out Friday to be sure it would be out prior to news, perhaps Monday. Still, we are due some clear results, execution and communication on the matter soon. Many more shareholders will continue to have greater doubts if this coming weeks end of month and late after late continues, and rightfully so. Share price, this would be terrible; partners, late

[CaptainCrunchy]

I am not the most patient individual, but, completing these large and rush orders is becoming a necessity for the company and not my personal preference. On another note, revenue has grown a huge percent (not done math) and when orders start shipping regularly, the year over year will be enormous!

[CaptainCrunchy]

I forget from accounting, but the deferred revenues, can they be broken up over the months until delivery. So 36 in December, 99 until end of March and add the rest until end of April, May until they ship? Report them on future statement in full?

[CaptainCrunchy]

not sure if that was clear. But can they break up (monthly chunks) the deferred revenues over the 6 months from deposit to expected shipment (end of may) If that is even legal. Lol If it is, I could picture them having done this straight until end of May, release may 28th and hence we would only see full amount of deposit when they report the next quarterly after shipped.

[Edcando]

I don't know. We don't know. And that is the only legitimate non frustration driven complaint. We simply don't know because things simply aren't communicated clearly . 

[CaptainCrunchy]

if that is the case, we get news of order shipped. They add the approx 34k per month for April and May. Would put deposit at about 200k 10% deposit would be my guess and that would be a 2mil order, just enough to call it multi million. (I am assuming they called it multi million by a slim margin myself, not like 7 mil)

[CaptainCrunchy]

Even if it was 2mil, and it was only order or revenue we get. For a company that was rolling at around 70k per year or something. This would still be outrageous growth. (It should not be only that only on next annuals)

[CaptainCrunchy]

I also like the CEBA loan. 60k interest free to be paid in 2022. If paid online 20k forgiven. Take the free working capital and don't dilute shareholders. Go for it!

[CaptainCrunchy]

Inventory was little dissapointing, hardly higher than it was in December. What did they do with it and why no revenues from it. Or did they release produce everything from new facility after March 31st? Cause that number presently prior to shipping to Japan should be far greater!

[CaptainCrunchy]

I have a BBA, and sometimes I wonder if I got it from very creative collection of bullshyt exam and project skills. One thing I knew for certain, I wasn't doing accounting degree and getting CPA. The financials and accounting career was never on the table for me....(taxes, that made it even worse lol)

[CaptainCrunchy]

in my vague understanding of an income statement, you cannot report the same revenue twice. So 36k on December. 99 on this one. 135 deferred by March 31st. Which seems to imply they can break it up over the months needed to deliver, which in turn, would add April and May to this as the deposit. (I do not think it is over 20%, I guess 10, 5% would be unusual even if desperate to sign the deal) This

[CaptainCrunchy]

which, we expect some very relevant news in a short time frame. (Vague as always) The next quarterly will show the order revenue, the deferred for second order. When shipped, the deferred revenue will be plucked out of asset of inventory on balance sheet. This shouldn't matter, cause, we should have deferred revenue for the second order and replenished inventory to replace the asset. We should

[CaptainCrunchy]

it seems blatantly obvious their revenue will explode this year, while their debt and dilution has gone down. When a company can go from money burn to high growth, this is a unicorn in the markets. Still too young and hard to be certain, and information is not made as clear as we hope. If they ship, all my fears will dissapear. I won't sell a thing on the rise, cause, it will only be the

[Edcando]

Couple of points. Yes the inventory wasn't huge but that ended March 31st. Because deals take longer than the day they are announced I'm thinking they didn't make a ton (if any) for Tabletz initial order since they had to have been working on Nevada awhile? So who knows how much inventory has been added April and May. Also rush order iirc is only "thousands of sticks of each

[CaptainCrunchy]

2 things on that. Rush order came after the March 31st finacials I think... so that is not even considered. And yes, I assume the production ramped up big time since the Nevada facility... so quite possible when March 31st was reported, we really don't see how much they have on hand. Hence the need for the next quarterly. I want to see deferred as a higher number... just the 3 months, forget

[CaptainCrunchy]

If that makes any sense? I expect the share price will be well above today by next filing....or they screw up and it crashes to death. I think in 3 months, we will be seeing a much clearer and hopefully incredible story. I hope they can clarify alot, but the financials should be much easier to compare to the previous one to decipher the story ourselves.

[CaptainCrunchy]

in 3 months, we will know of they are shipping producing and reducing dilution/debt, all while significant increase to revenue of not. Much will be made apparent whether they say it clearly or not soon I think. They are at an inflection point. It either proves viability as business and stock price will rocket, or they prove failure and it drops. This and until the next quarterly will tell us

[Edcando]

Yep

[Edcando]

10/10

[lscfa]

Co. finally removed copy and paste neuergy text from the MD&A.   I guess the regulators told the SOBs to smarten up. https://stockhouse.com/companies/bullboard/v.nu/neutrisci-international-inc?postid=33095446

[ThatBigGinger]

Dont care to read 2 SH pages worth of bickering back and forth but the deposit was quite clearly for the rush order that got pushed though and not the main order. CDN Idiot at it again. there must be good news coming if hes bashing hard 

[Edcando]

Lol I wasn't sure if captain was just talking to himself or not. I'd love to be sure that's the deposit for only the rush order (and man will we be happy if it is). The only problem(s) I have with that is they said thousands of each 3 tab flavour (this filing said "for 3 and 7 tab") and that the rush order NR didn't say "tens of thousands ". I'm  almost

[CaptainCrunchy]

apologies friends, to ramble on with the belief it is relevant, not the case. My bad my mistake. Don't need to read it all, if you do, I hope it is relevant. There is a reason I am not the one emailing the company eith my thoughts, it would not be worth the minimal time they put into investor relations. We will be sitting pretty and very clearly by the time next quarterlies come are my

[CaptainCrunchy]

and no..., the deposit cannot be for the rush order. That just doesn't jive with reporting of financials. It clearly has to include more.

[CaptainCrunchy]

the rush order came in after March 31st. It just would not be part of the financials, period.

[CaptainCrunchy]

if you break down the monthly value of the differed revenues, on average it has dropped since December 31st. This tells me they broke the original japan order in monthly pieces for reporting purposes, and the rush order was actually drawn from that pool. The monthly rate decreased. I could be wrong, they said rush order was in addition. I don't buy that, numbers say otherwise. The rush order