E88 0.00% 0.0¢ ensogo limited

I have lost confidence in this company. In the last quarterly...

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  1. Fos
    62 Posts.
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    I have lost confidence in this company. In the last quarterly they compared to the results to the previous corresponding period because they were % lower than the previous period. Now they're comparing the new quarterly to the previous one - not the PCP ! Talk about have your cake and eat it.

    Compared to the previous June quarter the REVENUE was down 20%. The ratio of receipts to payments is down to 4.9% compared to 14.5% last quarter and 40.3% Pcp...

    they have also increased their capital base significantly, so while everything is going backwards, it is on a larger capital base.

    The business is clearly not getting any traction, just burning cash and smashing shareholder value.
 
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Currently unlisted public company.

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