Ann: Valmec Reports Inaugural Profit Result, page-2

earnings of 16.41c per share

have the numbers been juggled to increase vendor share consideration?

$5m profit includes tax benefit, other income etc, cashflow neutral, some revenue unpaid?

so Marcon Group vendors end up with more shares nicely omitted from announcement headliner but found on P68 of financial report - over 33m shares before end of October plus some 20c convertible notes due to convert at end of this month

reminds me a bit of a company called Arccon, similar name, acquired by Allmine Group (AZG), numbers looked great, vendors got their shares then six months later into administration

will be interesting to see how this one plays out