Turning Zoono into a Gamestop, page-34

I Just went through the quarterly thoroughly now and I found some really helpful stuff atleast for me. As I have been on panic mode from Friday like most others deep underwater...

Q2 Financial Highlights:• Total invoices sales and orders for the quarter were NZ$14.1M1;• Cash at bank of NZ$7.3M with an additional positive net receivables/payables (unaudited) balance of NZ$1.8M, which will bring the bank balance to NZ$9.1M;• Inventories of NZ$14.4M (unaudited) to meet current demand are being maintained. Zoono is holding stock across several global locations to enable timely delivery, including USA, UK, China, Australia and MENA regions;• Total cash receipts from customers NZ$20.5M for the six months to date (unaudited).


Zoono refers to “invoiced sales” when an order is received from a customer. A sale is only recorded as revenue once the product is despatched to the customer. Additional revenue from this quarter’s sales will be seen later this year once the orders has been dispatched.


This last few lines tell the real situation.. Revenue is much more than in those tables provided as the orders have already been received.. Revenue should have been written around 10-14 million mark or nearby .. This is such a badly written quarterly but actual stuff is Good..
I will continue to hold this. People may call it whatever but if u read carefully this is so much undervalued right now and $2 is inevitable coming... Watch it shorters...