Next Green Wave (fka NXGWF)

[TMack01]

$1.17M revenues Jan - March 31st (I guess this is why we have heard zero!!) with COGS of $587k (You do realise this was said to be $3.5M PER MONTH right?)

Key highlights;

The Company may require additional financing in the near future to develop and to expand its business operations. These circumstances indicate the existence of material uncertainty that casts significant doubt as to the Company’s ability to meet its business plans and its obligations as they become due, and accordingly, the appropriateness of the use of the accounting principles applicable to a going concern. If the Company is unable to raise funds and execute its business plans, it may not be able to continue as a going concern.

Cash On Hand - $588k 2020 v $1.24M in 2019
Inventory - $2M (0.1k being CBD products) v $1.3M
Selling price of 4.40$ per g/m (way under what was said and no improvement)
Facility C - now Q3 2020 (1.5 years late and not guaranteed either)

This everyone is why there has been crickets. Nothing else to say here SMH