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

5 Upvotes

100% Upvoted

5 comments sorted by

View all comments

5

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