Ann: Half Yearly Report and Accounts, page-35

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CJTJ

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02/03/19

12:08

Post #: 37629783
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Originally posted by Buckland: ↑

2.1 Revenues from ordinary activities Up 108% 823 395
2.2 Loss from ordinary activities after taxattributable to membersDown 61% (870) (2,226)
2.3 Net loss for the period attributable tomembersDown 61% (870) (2,223)

CJTJ and CBD are you both happy to accept a management team which going on the facts they released on the 4D of a lost of only $870,000 for the six months July to December 2018 - seem they paid out $873,000 to Berlin would indicate that if they didnt have to pay Berlin they would have turned in the black.

We all know that this is not possible because even on page 8 of the 4D it shows

Cash and cash equivalents at the end of period $2,764,572 - now this doesn't account for upfront payments for the last two deals ($100,000 and US $100,000).

We know that they got $560,000 from Stride plus another $10,000 - there was a $33,000 figure shown for the first Quarter, they got a R&D Refund of $745,000, $98,000 carried forward into this year and from the CR

Proceeds from share issues (net of capital raising costs) $4,434,421

This adds up to incoming revenue $5,920,000

So with only $2,764,572 left at the end of the half there is now way that the lost for the six months was only $870,000

This type of accounting would have a greater negative affect on how people perceive about Suda than anything posted on HC

I am not an accountant and dont set out to be one but just basic maths tells me that based on incoming verses outgoings the lost is far greater than the $870,000 as per Suda's claim.

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buckland
as you said you are not an accountant , I suggest you call office Monday morning and ask to discuss with the companies accountant your discrepancies to put your mind at ease.

SUD Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Half Yearly Report and Accounts, page-35

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Scientific conference spotlights PYC's work on blindness disease treatment