EXL 0.00% 0.5¢ elixinol wellness limited

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    Here’s another prediction: HempCFO says some mysterious “event” will happen before mid November.

    ”They have $16 million on the books and are currently burning $6m a quarter...they also, as of the last Annual Report carry $6 million of trade debt....so...


    Insolvency comes in 1.4 quarters or roughly mid November.

    I’d expect their next pathetic cash raise attempt prior to mid November.

    Quarter end 30 Sept. Numbers at last possible moment as always 31 October. New cap raise announcement first 2 weeks of November at the very latest. Nobody will try a CR during Christmas, and January is too late because by February they are flat broke. Again.”



    Last edited by HempCFO: 19/08/20
 
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