MRRCF - Wayland: International Assets Unlikely To Surface Value
We covered Wayland Group (OTCQB:MRRCF) recently and expressed our concerns over its upcoming funding shortfall and endless delays with its Canadian operation. However, a recent corporate update raised additional concerns. The company disclosed a disappointing Q4 revenue and, more concerning, it hasn't been able to close the previously announced deal to sell 49.9% of its international assets to another public company. We will discuss the implications of these recent developments for investors.
(All amounts in C$ unless otherwise noted)
Delayed Sell To ICC
On January 15, 2019, Wayland announced that it has signed