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World Class Extractions Inc. (PUMP.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.02000.0000 (0.00%)
At close: 03:59PM EDT

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  • G
    Garry
    buy back hard
  • L
    Linda
    This stock is grounded
  • B
    BK
    This is an inside of how Durkacz and the old/actual WCE “team", Chamberland, Mondin, Kanji, from World-Class Extractions (PUMP) top management used WCE money (shares) from the beginning (2019) for their own use. Nothing back to shareholders. Have a look at the ProPetro Corp executives list:

    https://gb.wallmine.com/nyse/pump

    This is the exemplary inept WCE Chairman and WCE management PROFILE. Along with Donal Carroll, they use companies’ money as their own hedge funds.
  • V
    Verner
    Durkacz closed the deal with Quadron Canatech from Vancouver in spring 2019. He give them 40 mil – shareholders money.
    On June 17, 2019, Rosy Mondin was approved by Quadron shareholders CEO of WCE:https://worldclassextractions.com/2019/06/17/world-class-and-quadron-announce-closing-of-plan-of-arrangement/
    IN THE MEAN TIME Rosy Mondin was employed by Pasha Brands Ltd., one of WCE COMPETITORS.
    On November 29, 2019 Rosy Mondin resigned from Pasha Brands Ltd:
    https://ceo.ca/@newswire/pasha-brands-announces-board-restructuring-and-maps?fbclid=IwAR0vY_aJp2r_lrNSi1GAvk5U7JRJJUdFPNYUp-fWEf_l0mBXAdQmSMhELV0
    Shane Lander, Chief Research Officer with WCE was using money from WCE to finalize projects within his own company: Odorchem.
    JJ Chamberland funneled WCE money through his own company. Both Shane and JJ employed family members on WCE payroll; children with no experience or necessary background. All the above was possible with blessing from Zara Kanji, CFO (Quadron and WCE), Tamas Josza (appointed President of Soma Labs) on February 2019, with no experience in cannabis/hemp extraction), A. Durkacz and Donal Caroll.
    Nothing new that these unscrupulous individuals leave unsuspecting investors in the lurch, with money in an empty company that has just seen its stock value tank. They transformed WCE into WCGarbage.
    This is another proof of Durkacz Pump&Dump setup.
  • j
    john
    OK, I haven't looked at this company for years. Can someone give a quick explanation about the earnings trend over the last 4 years. Surely these numbers from Yahoo are incorrect.
  • b
    bofa
    @ tebrandon Dear sir or lady. I have a kind question for you. Please let us know: HOW DO YOU QUALIFY WCE MANAGEMENT PERFORMANCE FOR LAST 18 MONTHS? Thank you
  • L
    Leo
    Too many management like these that don't do any work. How do we take legal action ?
  • F
    FY
    18 months, 2 harvest & 30 mil and no talk at all. Holidays on shareholders money.
  • j
    john
    Other players are making JV and growing the business. PUMP top management are on continuous holidays from March 2019.
    Happy Holidays!
    https://www.canopygrowth.com/investors/news-releases/canopy-growth-to-acquire-the-supreme-cannabis-company/
  • V
    Verner
    This is an inside of how Dutkacz, Chamberland, Mondin, Kanji, and World-Class Extractions (PUMP) top management used WCE money (shares) from the beginning (2019) for their own use. Nothing back to shareholders. Have a look at the ProPetro Corp executives list:

    https://gb.wallmine.com/nyse/pump

    This is the exemplary FSD FOREVER CEO PROFILE
  • b
    bofa
    DorianDe. With all due respect where were you for years? lost here myself over 40 k. Delivery is fain for...delivery. To get back to my money it is a long way. You're dreaming to get Rosy, Chamberland, Shane Lander, Tamas Josha, and mostly Durkacz the chairman out.
    These guys are all together in Durkacz Ponzi scheme. Youre dreaming , keep doing if this is good for you otherwise for shareholders is NILL
  • V
    Verner
    Cheers Durkacz. Delivery goy is behind you. I fact Durkacz is supposed to finance the startup companies not to be top management after 5 years within. This is a PONZI scheme.
  • V
    Verner
    This is an inside of how Dutkacz, Chamberland, Mondin, Kanji and PUMP top management used WCE money from beginning for their own use. Nothing back to shareholders.

    https://gb.wallmine.com/nyse/pump
  • c
    captain
    On June 17, 2019, Rosy Mondin was approved by Quadron shareholders CEO of WCE:https://worldclassextractions.com/2019/06/17/world-class-and-quadron-announce-closing-of-plan-of-arrangement/
    IN THE MEANTIME Rosy Mondin was employed by Pasha Brands Ltd., one of WCE COMPETITORS.
    On November 29, 2019, Rosy Mondin resigned from Pasha Brands Ltd:
    https://ceo.ca/@newswire/pasha-brands-announces-board-restructuring-and-maps?fbclid=IwAR0vY_aJp2r_lrNSi1GAvk5U7JRJJUdFPNYUp-fWEf_l0mBXAdQmSMhELV0
    Shane Lander, Chief Research Officer with WCE was using money from WCE to finalize projects within his own company: Odorchem.
    JJ Chamberland funneled WCE money through his own company. Both Shane and JJ employed family members on WCE payroll; children with no experience or necessary background. All the above was possible with the blessing from Zara Kanji, CFO (Quadron and WCE), Tamas Jozsa (appointed President of Soma Labs) in February 2019, with no experience in cannabis/hemp extraction), A. Durkacz, and Donal Caroll.
    Nothing new that these unscrupulous individuals leave unsuspecting investors in the lurch, with money in an empty company that has just seen its stock value tank.
  • B
    BK
    From March 2019 there was any news related to cannabis / hemp extraction machine. Ponzi scheme as usual with Durkacz.
  • G
    Golden
    I was on this stock a few years ago and I can tell you that in my opinion, this isn’t a real company but rather it’s a mechanism for the principals to extract as much money as possible from shareholders. Durkacz doing...
  • L
    Linda
    If insiders don't buy, nobody buys this ...
  • G
    Garry
    HA HA HA! Financial (unaudited)

    HA HA HA
    Revenue of $2,649,140 for the quarter ended January 31, 2021 compared to $2,289,799 for the quarter ended October 31, 2020 and $75,562 revenue for the quarter ended January 31, 2020 - a 2,653% revenue growth from January 2020 to January 2021. The increase in revenue is primarily attributable to the operations of PED.
    Gross margin for the quarter ended January 31, 2021 was 27%, consistent with the gross margin figure for the month of January 2021 reported in the Company's news release dated March 2, 2021, but down slightly from the gross margin figures reported for the individual months of November and December 2020.
    The Company had cash at January 31, 2021 of $3,017,799 (April 30, 2020 - $5,632,160).
    Working capital as at January 31, 2021 is $911,231.
    The Company has long-term debt consisting of $819,216 in non-current portion of lease obligations and $92,061 in non-current loans payable.
    The net loss and comprehensive loss for the three months ended January 31, 2021 was $626,878 (as compared to January 31, 2020 of $33,144,218). The loss for the three-month quarter ended January 31, 2021 (with comparisons for the quarter ended January 31, 2020) is mainly attributed to the following:
    depreciation and amortization expense of $157,600 (2020 - $775,844), consulting fees of $8,500 (2020 - $132,102),; filing fees of $25,592 (2020 - $26,075); development and research expenses of $97,600 (2020 - $830,180); lease interest of $66,151 (2020 - $42,348); office expense of $140,684 (2020 - $156,933); professional fees of $166,328 (2020 - $195,315); management fees of $55,500 (2020 - $57,675), remuneration and benefits of $544,140 (2020 - $640,550); share-based payments of $11,865
  • F
    FY
    WOW SCAMDRON BEST LOSERS HAVE >>>>The net loss and comprehensive loss for the year ended April 30, 2020 was $48,539,965 (as compared to April 30, 2019 of $12,354,999). The increased loss for the year is mainly attributed to the following:
    Due to downturn in the cannabis market and management's decision to deprioritize the development of the ultrasonic intellectual property technology, there is uncertainty in the realization of future economic benefits from this intellectual property. As a result, the Company assessed and recognized $7,773,287 in impairment charge against the value of this asset which is equivalent to 100% of its carrying amount.
    Due to uncertainty on the realization of future economic benefits from the ultrasonic technology the patent that relates to the technology was also impaired. As a result, the Company recognized an impairment charge of $101,367 relating to this ultrasonic patent in the statement of loss and comprehensive loss.
    The Company assessment of the value of the goodwill associated with the QCC acquisition amounted to $Nil and hence, an impairment loss equal to $20,450,690 was recognized in the statement of loss and comprehensive loss for the year. Impairment is attributed to a downturn in the cannabis market, declining extraction equipment sales and uncertainty of future economic benefits. The remaining goodwill relates to goodwill assumed upon acquisition of PED.
    In addition, the loss includes a write down of inventories of $3,406,415, depreciation and amortization expense of $2,375,327. Selling expenses totaled $1,108,292 (April 30, 2019 - $1,162,615). General and administrative expenses totaling $9,293,522 (April 30, 2019 - $3,334,014) included the following notable expenses, consulting fees of $758,880 (April 30, 2019 - $707,996); development and research expenses of $1,728,755 (April 30, 2019 - $81,026); office expenses of $182,119 (April 30, 2019 - $19,834), professional fees of $1,103,618 (April 30, 2019 - $384,859); rent of $189,331 (April 30, 2019 - $21,983), remuneration and benefits of $2,133,478 (April 30, 2019 - $Nil); and share-based payments of $2,468,231 (April 30, 2019 - $1,864,786).
  • J
    John
    like 6 weeks from harvest & no talk of a deal wowzers