Perk Labs Inc (PKLBF)

[Growth101]

Something hasnt gotten released yet, and here is why

-The company filed a report when the offering was initiated with cash in hand of around $10,000,000. If the financing deal closed around $11mil then taking out the fees, the company should have somewhere around $19-20 mil. on hand

-The company released cash on hand for $17.4 million in Sedar.

-They have new hires over / under 30-60 days old and a commercial running in Canada with CBC not starting until January. They paid approx 800K to Ztuidium Blockchain in December, and owed 300K on the difference when its officially completed, unless they are way ahead of schedule here, add in 300K.

-And collected a check from Asiapay for 250K end of Oct.

-Somewhere a long the line there is a short here and cash burn of around $2 million give or take for something else in a little less than 1 months time.

-Something else is happening here and it isnt Davos which is a 40K give or take event.

-Acquisition or something, something hasnt been released yet.