YANGAROO Inc YOOIF

Price Action

[HisNoodlinessTheFlyingSpaghettiMonster]

Big bid in at 16 cents.  I know it's not much, but it feels good to not be stuck at 10-12 cents in perpetuity for once...

[tannin]

Happy new year. Interesting that you're having to wait for shares at 16 cents.....

[HisNoodlinessTheFlyingSpaghettiMonster]

Make that 17 cents ;)

[tannin]

Better luck tomorrow. No idea where the sp is going; hope you get your extra shares.

[tannin]

Wow, that was a dramatic sp move....where from here ?

[HisNoodlinessTheFlyingSpaghettiMonster]

As I have said previously, a lot of the moves in this stock in both directions have always been due to such thin volume.  Any great news re: buyout will have a huge effect here.  Unfortunately, it's been almost a year since they said they were looking.  This is getting my hopes up that something is up, but I have gotten my heart broken here too many times before, so I will try

[tannin]

'Investing' in micro techs usually involves a degree of heartache...very interesting area, challenging, and sometimes hugely rewarding..sometimes. Had more than one disappear into the ethers ( before i could get my hard earned out ), and more, happily, do ten baggers.....and some just drift along for years, never achieving what I think they should, nor disappearing - do you sell, and watch

[NickMTL1978]

The federal government announced that they will offer their wage subsidy program until June 2021. Its means that the next 3 quarterly reports (if we consider Q4 2020) will be fuelled by this program. I guess that we should expect good quarters from Yangaroo. Q3 2020 was not to shabby thanks to FED, so i would expect Q4 2020 and Q1 / Q2 2021 to be good as well. Obviously, this will be temporary

[HisNoodlinessTheFlyingSpaghettiMonster]

If they stay around 2 mil revs, they won't qualify for the full subsidy. It will be gone for the most part. The share price went up due to a very small spike in volume. It got smacked back down on super low volume. There is a decent chance it was just some amateur investor bidding up the price to get the number of shares they wanted. Nothing to see here, but the fundamental picture remains

[NickMTL1978]

Well, if you take a look at the company's income statement for Q3 2020, note 16 linked to the Salaries and Consulting mentions that the company qualified and participated to the Canadian Emergency Wage Subsidy (CEWS) and recognized credit of 403,960$ for Q3 2020 and 850,960$ for the nine months. Since the company reported a net profit of 384,630$ during Q3 2020, i would say that the CEWS had

[HisNoodlinessTheFlyingSpaghettiMonster]

Yes, but look at the rules/subsidies re: CEWS program.  They greatly reduce into Q4 and the benchmark to receive benefits is much stingier.  CEWS will be greatly reduced if not completely gone by the end of the quarter, depending on our revs. This is actually a good thing...I happen to believe that Q4 will be 2 mil+ revs, so it means our company is in good shape, which is much more

[HisNoodlinessTheFlyingSpaghettiMonster]

At the beginning of the pandemic we basically received 75% wage subsidy, up to ~55k salary per employee. Now the rules for the next few months for subsidy (and Q4) are/were:  0.8 x revenue drop. The lucky part is that the revenue drop is based upon January/February sales - These were greatly boosted this year due to Bloomberg election, so let's assume 900k/month, which may be high but

[tannin]

All helps...thank you Cdn govt.