buckland as you said you are not an accountant , I suggest you...

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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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buckland as you said you are not an accountant , I suggest you...

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