Ann: March Quarterly Report & Appendix 4C, page-32

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22/05/18

17:40

Post #: 33256713
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Originally posted by Harlan ↑

Fair enough, All good,

I've been in and out of AU8 since listing but a few milestones have been hit by them in recent times which has brought me back for a longer hold at a more favourable entry point.

Emotion does play a huge role in all forums by Long Holders, but I do believe contrarian opinions that hold weight will be read and digested by all, importantly by newbies. LH's generally reply with counter arguments that also hold weight, but like you say, zealots will definitely crucify you every time, usually with nothing of substance.

I'm interested to know why you still believe $0.27c is a sell, having raised concerns when it was at $0.50c.
Now that you know it has it's own brands, own products, more than a couple of stores in Australia, as well as stores in China, what other reasons do you attach your sell sentiment to?

Hopefully you may do a bit more research of this Company and find there is a lot more to it than meets the eye. Apologies also in my assumption that you held a2M shares, just thought your defence of them was as a shareholder.
GLTAH PDYOR AIMOHO

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Cheers mate!

I don't have time to get into a long post at the moment, but my main concerns come from the financials - particularly the rate of cash burn reported in the last half yearly and the fact that in the latest reporting they only highlighted a slight increase ($100k or so) in the gross profit and didn't mention net....

Been burnt a few times by companies that looked good on the surface but had massive cashflow problems so I guess I'm still a little gunshy!

AU8 Price at posting: 25.5¢ Sentiment: None Disclosure: Not Held
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Ann: March Quarterly Report & Appendix 4C, page-32

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