Thunderbird Resorts Euronext: TBIRD

Going concern The Group has been making recurring losses and has a negative equity for the past years. We therefore identified the going concern as a key audit matter requiring special audit consideration. Management has disclosed their assessment and assumptions related to the going concern in note 2 Management Statement on Going Concern of the consolidated financial statements  

31 million shares x $0,06 per share = $1,9m market cap. 

May be profitable in the next years? $300k is PE of 6. Negative book value.  

Changing from hotels and offices to apartments. 

Not a stock for the Graham Defensive investor.