Hey Bob, just checked in to see if i walked away from a gold...

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lumberjack27

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31/01/18

19:23

Post #: 30714295
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Originally posted by country bob ↑

Ok you accountant types - help me out here.

The quarterly report September 30 showed customer receipts of $6000. That means customers actually paid $6000 for use of the product.

This quarter customer receipts are minus $33,000 - so we PAID customers $33,000 to use the product????
I thought this nightmare couldn't get any worse - The 386 corporate clients are generating AU$15,000 a month (0.20 conversion) but we're paying out $11,000 month??? At that rate it is going to be a very long time before more money is coming in than going out.

Each corporate client on average gets NET about $38 a month (the 386 should generate AU$45,000 for this quarter). To get enough income to support a market cap of $30 million (3 cents a share) they will need about 13,000 corporate clients with a 5 times income to Market cap, and estimating around a billion shares. So I need 17 cents .....mmmmm they will need about 75,000 corporate clients. Pretty sure I shouldn't hold my breath (let's be generous and say 386 clients in one month - I should get my money back in about 16 years - can't wait).

What is going on? Someone please help. Brett - make me smile.

Oh, and there are some new Directors.....................

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Hey Bob, just checked in to see if i walked away from a gold nugget... How's the report look? Should I jump back in?

NET Price at posting: 2.8¢ Sentiment: Sell Disclosure: Held
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Hey Bob, just checked in to see if i walked away from a gold...

Top Stories

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

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!