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Ann: EN1 Achieves Cash Flow Positive Q2 2019 4C & Commentary, page-18

  1. 17,233 Posts.
    lightbulb Created with Sketch. 954
    Why don't I believe this anns? Also $3.5m outflows next Q? ouch
    $900k on admin and corporate, seriously?
    This company has a bad smell to it for some reason, my stink meter is going into overdrive.
    When directors continually anns XXX% increases in a Q, I get as nervous as BigUn holders... the ol stink meter starts flaring.

    Just the other day EN1 were hiring a full time delivery driver, why you ask? beats me.....I thought they were into online advertising?
    Director paying himself $200,000 a quarter for a minnow company with continual losses? $800k p.a? Seems very high?
    Csh balance is due to $1.5m loan drawdown, is it not?

    EN1 system
    has anyone seen any reviews from users of EN1?
    Please point me in that direction as I'm having trouble finding just one.

    i shouldn't be so negative, but the ol stink meter is ringing.
 
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