BioPower Operations Corp (BOPO)

[sch100]

CEO Troy MacDonald post on Telegram yesterday:
“The/a company typically has 4 main sources of capital: 1) raise it from equity, 2) raise it from debt, 3) raise it from founders funds (all founders have contributed to date) and raise it from 4) income/revenue generated. The announcements as of late elude to very strong future income flows so that 1, 2 and 3 will not be required for much longer. Presently just over 11% of BOPO is publicly owned, almost 90% of it is privately held via convertible preferred shares by founders (none of which have been converted as we are building something we believe will be big and very valuable). What you see is debt instruments being converted to equity and sold at a discount because the short term investors/traders injected precious capital when it was needed the most. The debt was used to fuel operations to get those large deals closed and carry us through the monetization period of those deals, it has therefore played an extremely important role to get the company to the point where it can support itself. Operating a public company has a high cash burn rate due to legal, accounting, auditors etc all needed to meet SEC reporting requirements. This is a case of classic short term pain for long term gain. I was hoping this was all perfectly obvious to those of you with real business experience, nonetheless you have your explanation. Issue rested.”