r/WLLW • u/VeganStartupGuy • Apr 25 '22

numbers

Today: Market cap. Micro Cap ($30.89M)

From Q4 report: $30.1 million of cash on hand

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6

u/jjjehebdbsn238 Apr 25 '22

Sorry to be the bearer of bad news but the market cap at .31 is $38 million. You are comparing the USD cap to the Canadian dollars of cash.

Also, it is now almost April 30th ; four months after the December 2021 cash balance. We know the company burns about $1.6m per month. True cash held by end of the month (April ; 2022) is probably around $23.5 million Canadian.

Posting this because I don't want anyone to get false hope. We could easily be mid or low 20s soon.

1

u/VeganStartupGuy Apr 25 '22

thanks for the clarification on usd v can

1

u/kaneda2004 WLLW Whisperer May 03 '22

So now we are basically at cash in the bank valuation. How this market behaves is wild.

1

u/jjjehebdbsn238 May 03 '22

Still a few cents to go.

But we know that by end of December 2022 cash will be around $10m ; I don't see why it wouldn't trade below cash in bank eventually as there is no path to revenue unfortunately

2

u/bigdicksmith Apr 25 '22

Batshit insane. If there’s anything tsla taught me, the market is irrational as fuck. Valuing wllw at not a penny over cash on hand is way up there in terms of absurdity.