Family Insights for the first 6 months of this year, has a turnover of $7000
Receipts from customers went from $2K for the first quarter to $5k for the second quarter.
A total of $7,000 for 6 months.
Research & Development, Advertising & Marketing, Administration and Corporate Expenses totalled $1,879,000 for the first 6 months.
Now if you went to a financial institution and said I have over 2 billion members (shareholders) in my company who have kept giving us cash to build a company.
On current projections, we spend $3,758,000 per year with revenue of approx. $20K and want some cash to take the company to another level.
What would you say...or what would potential investors say?
This company has $1.2m cash left as at the end of Dec 18.
On current figures, at the end of this quarter there will be $330,000 left in cash.
That means by April this year – the money runs out.
…………read the figures for yourself.
The bull.... has finally come home to roost and I backed them in all the way. The money is not the issue its backing in people that present themselves as competent, market savvy, and able to operate a public company is the concern.
What will come next - only they know as they sit around a board room table plotting the next move.
