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 $60 million?
Future not looking too bright for CAN.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1793 | 4.2¢ |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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1 | 2052 | 0.042 |
2 | 82039 | 0.041 |
11 | 4347525 | 0.040 |
4 | 59835 | 0.039 |
6 | 194475 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 50244 | 2 |
0.044 | 322727 | 2 |
0.045 | 112531 | 5 |
0.046 | 44671 | 1 |
0.047 | 100000 | 1 |
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