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Strong Day today, page-13

  1. 87 Posts.
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    Looks to me like 14m was the total profit from the operation and sale of ACAD once the assets were fully written down from the balance sheet. One of us has a real misunderstanding of how the ACAD sale has effected the numbers. I'm no accountant but in my eyes no 70M sale then no 60M expense. No different to selling any other asset. Sale amount hits as income and WDV hits as expense.

    In my opinion this is why a lot of your posts are reported, your misunderstanding of how financials work lead you to make outlandish claims like "If the Covid Coin (30m) and ACAD (70m) sale were not in the numbers , the loss would be closer to 90 odd mill". Either that or you are deliberately trying to mislead investors.

    You also like to take Job Keeper as a free kick without acknowledging the massive revenue impact of COVID.


    https://hotcopper.com.au/data/attachments/2957/2957386-8dfe2809ab97f0fabf01b30bb8bc2da2.jpg

 
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