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9,290 Posts.
1065
27/10/17
18:26
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Why would they state,
"Recent Capital raised of $582k will be used to purchase stock to sell in the Christmas period"
When they already have on Deposit approx. $1.3m with manufacturer AEE. This a prepayment for inventory.
And an inventory of 6,300 units (Wholesale Value of $1.085m).
Unless of course the capital raise is to keep the lights on and Sean's Deliveroo lunch order paid.
Mmmmmmmm, I'm hungary now.
Unwashed non-holder
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