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6.1¢ aumake international limited

Ann: June Quarterly Report & Appendix 4C, page-15

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Jack1960

374 Posts.

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19/07/18

18:01

Post #: 34457811
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Originally posted by tc4101 ↑

Kiwi buy stock on hand was negotiated and supposedly a fair cost. Unless your saying AU8 overpaid for the stock which isn't a good look either.

COGS doesn't account for unsold stock. So what's your point? (Accounting101 S stands for "sold")

Anyway if your a shareholder you must ask yourself. What is the long term prospect of this company?

The company has reiterated twice already, that business is dependent on the Chinese tourists market. Chinese tourism has peaked. It's still strong but it won't have a sudden expopenetial growth of tourists.

So how is au8 going to increase sales/margins/profits to justify its current lowly $40million valuation? (and some people expect $100million valuation) It would need to turn a $5-$10million loss into a $5-10 million profit.

Scale or no scale, sorry guys its not going to happen with current strategy.

Rememeber guys Kiwi buy sold essentially the same business to au8 for only $600k. And that was generous. If someone was to offer au8 on the market it would be a WIWO business for sale worth nothing but it's inventory.

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tc, I am afraid your understanding of COGS appears limited and totally inaccurate from an accounting perspective. Stick to whatever it is you may know something about.

AU8 Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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