I did try to SPELL out to Abby about the 'Creative Accounting' practices of this company.
But alas to no avail.
Bit of a worry when a company can only do 1 production run every 3rd qtr or so. Just shows how well they really are going.
They have a market cap of 13mil plus and will be lucky to have a turnover of 2 - 3 mil a year? Being generous!! As they clearly are discounting stock to quit it before BB dates. What an outstanding effort to Kent and his merry band of do gooders.
Well i guess the 3 mil in the red was an oversight? This company has not turned the corner in a new direction as Abby suggests. It's just more BS trotted out by Kent, which hasn't changed from the time it was floated. Kent's a complete failure, wont be long before he realises this.
So the 44k so called profit is going to go a long way to cover the next production run?
Over 20 mil he has wasted not mentioning the money still to be paid back outstanding on loans It's pretty hard to take anything seriously that this company puts on to printed paper that is released to the market.
K.
BEE Price at posting:
1.5¢ Sentiment: Sell Disclosure: Not Held
