IKN

Thy sin’s not accidental

ECU Silver (ECU.to): Another classic quarter from the GATA-pumped scamsters

Let’s just do the charts and be done.

Here’s the assets breakdown.

Debt next, and look at the current column moving up as those payment deadlines start coming closer.

Working capital a cool negative $9.2m!!!

Shares outstanding balloon again, now at 307.3m (this doesn’t even count the near 51m warrants priced avg 92c and then the 15m or so options)

And yes….of course…for all the fanfare and lah lah about better production numbers we have to suffer from these jokers non-stop, it’s yet another net loss, this time $1.852m
And let’s note that it would have been worse but for the $802k forex gain booked by the company. But the thing is with net losses at ECU.to is that it never stops the scumbags running the show from doling out more stock based compensations to themselves. This quarter saw another $266,000 sent to the ECU great and good via that channel. Oh, and then there are the forward sales on as-yet undelivered metal. These guys are so hand-to-mouth it’s cringeworthy and the countdown to next dilutive financing is now reaching its climax.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.