I can't believe the ASX has let the company release that statement. Its pushing the boundaries of truthful factual information to the limit.
There is no way, that they can prove "continued advancements in both transactions and revenue during the quarter …… "
December had approximately 312,500 transactions on Fox Gol.
Therefore for zero percent growth in this quarter they need to do over 937,500 transaction, they have managed just 444,484 in the 1st half of the quarter. so they need to do 493,000+ in the 2nd half.
Transaction numbers have actually fallen since December on a month by month basis. The 9.9% growth rate is pure smoke and mirrors from what was achieved in the Oct-Dec period ie 37.4% growth achieved then.
Accounts payable isn't mentioned at all .
The $893,000 is not broken down into how much is from old legacy services still to be collect, TLC payment possible and actual continuing business.
Nothing in the document about getting those Vietnam carriers etc onto the new business model, so is that now dead in the water and its just Brazil and possible sub-sahara Africa to aim at?
As usually we're left with more questions than actual answers
LOTM
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