Musk vs. Zuckerberg and Cooling Inflation
The Canadian Investor
00:00
Bio Steel's Strategy for Exiting All Bio Steel International Business
The company issued a going concern warning in their latest annual report which is not surprising at all. They lost 3.2 billion for the year but to be fair they wrote off 2.2 billion worth of assets during the year so that would still amount to losses of close to 1 billion. The company burned 567 million on a free cash flow basis and now have 783 million in cash and cash equivalent which is a 43% decline year over year. If it wasn't bad enough their share count as grown at a compound annual growth weight of 21% since 2018.
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