Fake App Reviews, page-29

I won't short Uber as they market is irrational in that space and there is too much media hype potentially sending a fundamentally poor company north.

A2B on the other hand. I am heavily short as you would have to be a fool to invest and hence the demand is very low for the stock.

The Uber potential failure story seems to be the fallback for anyone thinking A2B has a future, however Didi / Ola or any other ride share will just take over as it is as simple as the Uber driver getting a new app to keep his/her income going in that space.

In future Google or possibly a new system like airbnb (for cars) will make car sharing possible (to disrupt rental cars as well). Like the litter of scooters around the cities now.

A2B however is in a space that used to be protected, but the cat is out of the bag and it's no going back in.

Uber lobby's the government now too spending a couple million a year to grease the wheels of regulation.

A2B are now resorting to accounting standards and manipulation to soften the poor results.

Who thinks it is right to be doing this...?

"Under AASB 16 operating lease expenses are no longer recognised and instead depreciation of the rightof-use assets and financing costs associated with lease liabilities are recognised in the Consolidated
Statement of Comprehensive Income. The adoption of AASB 16 resulted in a favourable EBITDA impact
of $1.6 million and an unfavourable impact on Net Profit After Tax of $0.3 million."

So basically their net profit is minus this $1.9 million which is a profit reduction of 74% not 37% as they have documented.

Not to mention the 'goodwill' on their books is BS.

Put yourself in their shoes, why do you think they are resorting to accounting standard changes like this now?

KABOOM, if the $50M finance they have is pulled they are up ship creek as their cash on hand has dwindled. The finance may re-access before they get to this point and come to the same conclusions I am.

I mean, who in their right mind still pays a dividend in this situation. MENTAL... absolutely insane.