GMVD - NASDAQ IPO, page-1218

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Upthefog

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06/03/21

11:21

Post #: 51569341
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Originally posted by lakota6 ↑

In the F1,
Half way down Page 5 ,

Preliminary Results for the Year Ended December 31, 2020

Our estimated, unaudited revenue for the year ended December 31, 2020, was approximately $4.9 million compared to $5.5 for the year ended December 31, 2019, primarily due to the impact of COVID-19 on our businesses.

The above estimated financial results are preliminary, based upon our estimates and subject to completion of financial and operating closing procedures for the year ended December 31, 2020. They also represent only a summary of our financial results for such period and are not a comprehensive statement of such results. Final results reflected in our unaudited condensed consolidated financial statements as of and for the year ended December 31, 2020 may differ materially from our estimated results, including as a result of the year-end closing procedures, audit adjustments and other related developments that may arise between now and the time our financial results for the year ended December 31, 2020 are finalized. Our independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary results and, accordingly, does not express an opinion or any other form of assurance with respect to these estimates. In addition, these estimates as of and for the year ended December 31, 2020, are not necessarily indicative of the results to be achieved for any future period.

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One simply has to be amazed at the arrogance & hubris of the Dr & his fellow directors at seeking to list with revenue akin to a corner shop. It is simply laughable how little this business has developed both from its inception & during a pandemic. The revenue is all purchased revenue btw. How on earth can the company attract the “sophisticated investors” that they eschewed the ASX for? The company no longer has the luxury of being viewed as a start up. It’s now a tired old dog with tired old tricks.

GMV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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GMVD - NASDAQ IPO, page-1218

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