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Re: upshegrows post# 852

Tuesday, 01/14/2014 5:44:58 PM

Tuesday, January 14, 2014 5:44:58 PM

Post# of 932
USG: Then jump ship if its so bad. Each of your posts highlights how "bad" their financial situation is, and that they wont see a profit (or at least you do not give a timeline if you do believe they will see a profit). Or you think they need to start selling units and will make a boat load on those, even though they completely aligned their business plan away from that.

Alterrus (Valcent at the time) had a bad financial (if not non-existent) situation prior to even developing the rooftop. If anything, the fact that they showed ~$200K a quarter revenue (and probably somewhere between $250K - $400K a quarter since then with increased products and customer base), has positioned themselves in a much better financial situation then before or ever. With VanCity financially vested (and one reason why they have allowed them delay and push their interest only payments throughout 2013), it is in their interest that Alterrus succeeds as well. The fact that they have shown revenue potential, is very much in their favor, and if Chris Ng can find funding with a company that had negative equity at the onset, I am sure this bump in the road will be solved.

Again, they are selling microgreens and basil, so it's not like they have nothing coming in and going out. I just dont understand the "Alterrus is in a bad financial predicament!" They were never in a good financial predicament. This is a penny stock that until 2013, never made revenue. So why would they ever be in a good financial setting. I mean come on! Its deciding if they actually have the potential to achieve a profitable business case. From the numbers I have crunched, I believe they can, it just may take some time to get there. If you think of it, they have made monumental strides for a company that did nothing but have a Time Magazine Innovation Award, back in 2009. So if you are so down on Alterrus, USG, why not sell your shares, and stop reiterating that they have bad financials. Because, of course they do, they only just started producing and making a product.





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