But they state it would also not show up as revenue until sold, so does not explain current revenue statements in the half yearly unless the terms are completely different. Either way, they are shipping lots of product, which is good, but it needs to be sold! We will find out in the near future how successful this can be.
Also re reading the half yearly they do state there is $1,255,911 income in advance reduced from over $2m (this could provide partial explanation) But not sure where this fits into things as can’t find any corresponding cash amounts in the 4c’s. Will have to do some more digging and hopefully get some clarification from management.
ZNO Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
