I was laughing at that as well Loafy. I’m no mathematician, but last time I checked, 8 was a different number to 10?
Could it be EOFY something else ($2M) drops in that hasn’t been receipted / accounted for? Or is it the age old play “never let the truth get in the way of a good story”.
CCE just can’t help themselves!
I am also no accountant however cash at bank ($7.455M) v next quarters outgoings ($7.583M) paints a grim tail. Acknowledge that there are income streams coming in but they would want to be substantial because right now it looks like by year end CCE are absolutely on the ropes.
Again on track for another MASSIVE loss. Shareholder money just flittered away. POOF........ gone!!!
Thank goodness for our Italian friends. Great to have ENEL on board but it smacks of desperation. Off course no mention of what the hook is.
Happy to let CCE suck on some big business blood for a while. It’s a nice change! They will wait just a little while and before you know it, SURPRISE!!! ......a dull pain and two pointy fang marks into the neck of retail investors.
I’ve always maintained the end of this year will be telling.
EMC was a poison chalice. A parasitic leech that very nearly collapsed a promising company.
Farcical is a word I would use.
CCE Price at posting:
2.0¢ Sentiment: Sell Disclosure: Held