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bhbeaver

27 Posts.

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21/12/18

14:00

Post #: 36935540
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Originally posted by SteveSage: ↑

That 'employee' does not seem to know what they are talking about:
- LVT does not have any balance sheet apart from some cash in the bank, some receivables and some payables which is all very normal for any company not operating on a cash basis (source-> FY2018 4E report). So the 'boost the balance sheet' comment makes no sense whatsoever
- LVT staff wages (excluding directors) increased by 2.7 times on FY2017 so the comment about laying off staff also makes no sense

I'm actually not pleased at the acceleration in costs for LVT, but if you want to do it, then hiring contractors is probably the best way to do it as it allows you to ramp up/down quickly without long term expenses.

Perhaps that person is a disgruntled employee that got let go when they signed up with N3, and there is a lot to be critical about LVT, but the CONS comment on that glassdoor review make no sense.

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LVT Price at posting: 28.3¢ Sentiment: Sell Disclosure: Not Held
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