Replies to post #47313 on CarbonMeta Technologies Inc (COWI)

[WHITTENHALLJR]

YES::::> cash flow will save $cowi

[I-Glow]

Looking at revenue is a mistake that lenders won't make when judging the credit worthiness of COWI.

Losses just from operations was $300k in the last quarter.

The Net Loss for the quarter was $7.3 million.

When you look at the balance sheet it is a disaster.

The COWI assets are a paltry $200k and the liabilities are $26 million. That is a joke COWI is insolvent.

There isn't anyway COWI could obtain conventional financing.

IG

[1manband]

However last two quarters co. was cashflow positive

No, they were not. That is not correct.

https://www.sec.gov/Archives/edgar/data/1156784/000121465916012151/s6816010q.htm

They had negative cash flow of $96,575 last quarter. At the end of the quarter, the Company had only $2,481 in cash, which is probably less than most people have in their checking account.

COWI's financials are the WORST I have ever seen in a penny stock that is not already bankrupt. And they are only getting worse.