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0.2¢ ultracharge limited

Ann: Half Yearly Report and Accounts, page-27

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mpr505

167 Posts.

55

27/03/19

11:41

Post #: 37898443
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Originally posted by hoofa: ↑

Basically, the company is in survival mode.

The first six months of this year the expenses in total for General & Administration, Corporate, Sales & Marketing, Research & Development, was….
$994,564

At the end of Dec 19, they had $1m in cash.

On the current figures with minimal revenue, they could probably see out the calendar year.

It has now become another company joining the micro, micro cap group relying on tin pot investors like myself for survival. Serious money would not touch them with a barge pole.

As for a CR, I personally would not give them a dollar. Each to their own.

Just another entrepreneur, grabbed a concept from a group of unproven academics and tried his luck to get into the big time.

I fell for it.

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Well I hope there is some way to salvage, because I don't have much money in general, and UTR was my biggest investment. Maybe it's time to have a look at bitcoin.

UTR Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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