Still losing money hand over fist, another quarter with another $5.277 million loss. Also drawing down the loan another $5million from last quarter, so now in debt of $60 million.
No way of paying this debt when even with record harvests, they are losing $5million a quarter.
The only way of repaying the debt, cash raises, and this last one didnt work out to well, they were issuing new share to raise approximately $11.7 million, the result? $4.46 million. Trueblood tell us again how the company can just issue shares to pay off the debt, they couldnt even raise $5million at all time low offer price, how on earth they going to raise $60 million?
Future not looking too bright for CAN.
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3 | 879642 | 0.028 |
5 | 205555 | 0.027 |
3 | 165260 | 0.026 |
Price($) | Vol. | No. |
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0.032 | 137706 | 7 |
0.033 | 644176 | 6 |
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