My post of last month indicated this was MO exact statement at last years Adelaide presentation. I mentioned 9 months to see any tangible revenue streams, hope it's damn well sooner though. Two things might interest posters:
1) WHEN will GIMG switch on. They've been final cabling for a few months now? And
2) From p.10 of the 1/2 yearly report. Can anyone explain where under Expenses,we suddenly have:
A Doubtful Debt Expense of ($ 525,171) compared to previous of ($10,000)
Does this have anything to do with the EMCK/ Eastern Guruma tie up?
Haven't heard zip on the millions we were supposed to achieve.
Guruma went into receivership, Administrator has just determined all creditors will receive full restitution plus 5%. Payable around October
Doubtful Debt is showing over $600.000 under accounts receivable . Is it wishful thinking we might be in for a windfall? Just off the books anyway.
Could be a couple of pertinent questions at the upcoming presentations
CCE Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
