Replies to post #737 on ToughBuilt Industries Inc (TBLT)

[John_Vallay]

The company is NOT debt free

They have $18 million in debt of which $4.5 million in warrant liabilities which if you know anything will cost them even more.

Don't tell me they have $31 million in cash because for the 9 months ended September they LOST $22 million which means they will have about a $29 million loss in total in 2021.

That $31 million they have in cash will not even last them through 2022 so that means they will have to raise more money which means more dilution.

Your statement about the stock going to 61 cents is a hope and wish

My statements regarding balance sheet, cash flow and cash on hand with 2021 losses for 9-months ended Sept is a fact.

[nunaka]

Refinitiv/Verus downgrades TOUGHBUILT INDUSTRIES ORD SHS from HOLD to SELL.

[THEMASTERS_SON]

.61 is possible…like what I’m seeing