Anthony steered the company away from bankruptcy? How? Through 8...

First 6 Last

Share
Profile

Follow
Stockholm

1,276 Posts.

446

22/04/24

20:05

Post #: 73463968
Share

Originally posted by Leapzig: ↑

Still a $25 million miss in my humble opinion.Lucky you took a humble position because, well basically you are wrong.

They never had $25m worth of 'goods in ground' ever... Based on your Exhibit A (what a retard), well they had 10 acres of a projected 111 acres. So thats 9%. 9% of $26m is $2.34m.

So they only ever had $2.34m worth of goods in the ground, not $26m. Again, so you can follow, the $26m was a forecast if they owned 111 acres.

You can see the problems that Zane and that other Bubs idiot got them in. In order to get to $26m worth of growing inventory they would have had to be in debt $23.66m. At a time when demand was not there, that kind of debt was ridiculous.

When Anthony came along, he took one look at the ownership of kava in ground model and said, this will send us bankrupt. Now all their land is under contract and under that model is very scalable. Because it is under contract owned by local farmers, the kava in the ground is not shown as plant or equipment, or as inventory until it is purchased and in hand. The plant and equipment they own is in Navua.

Navua will soon be upgraded so that will jump to $2-2.5m.

They have invested $10m in the supply chain, probably more now. The extrinsic value IMO is worth $30m.

Expand

Anthony steered the company away from bankruptcy? How? Through 8 capital raises that saw the share price plummet from 14c to 0.003c. Let’s for a moment pretend CCO was private. How many times could CCO have possibly gone into administration without shareholders tipping in nearly $30mill to date since listing?

The company warned within its half yearly that without sales or further raises could be forced to extinguish its debts with sales of its Assets and its going concern. Should I do a comparison of debts & liabilities vs Assets?

Im not here for an argument or name calling or insults. but I understand your angst. I would be fighting tooth and nail and sh%**ing bricks too if I owned six figures worth of shares like you have previously indicated.

Last edited by Stockholm: 22/04/24

CCO Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply