Ann: Reinstatement Update, page-244

First 244 Last

Share
Profile

Follow
mwhite1

1,798 Posts.

84

20/08/19

20:04

Post #: 40063889
Share

Originally posted by jantimot: ↑

“According to Bettys tax statement the expenses relating making her first 40 cupcakes exceeded her derived revenue from those 40 cupcakes. End.”

No. Not remotely close. I suggest you contact HR Block!

Only the $20 used of the $500 purchased is allowed as an expense. The rest goes into inventory. The mixer is capitalised and depreciated over ten years. In any case, depreciation was shown as a separate figure in the profit and loss account - looks like you didn’t read it after all.

All this discussion stemmed from the claim that CGB had revenue. Revenue is irrelevant, profit and cash flow are king. CGB has losses, made bigger by their revenue. It has negative cash flow, made worse by its sales (notwithstanding that the majority of sales hadn’t been paid for at half-year end). Please Neil, if the quarterlies show improvement, get the company to issue them! Make the nearly eight month old latest available information obsolete.

Expand

Wtf we are talking cup cakes now jeezzz us a....

please cgb put us out of our misery.

to be honest to all I've given up almost I'm just watching from a far.

i made this cake once..... I'm over it all just go under and I'll write it off ffs.

or give us an announcement already.

anyone got a licence to grow? Lets start our own company shhheeeeettttt!!!!!

CGB Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

Essential Energy conference: Streamlining approvals key to the green energy transition

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

There are more pages in this discussion • 50 more messages in this thread...

First 244 Last

Add CGB (ASX) to my watchlist

Ann: Reinstatement Update, page-244

Top Stories

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

Essential Energy conference: Streamlining approvals key to the green energy transition

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

Featured News