Ann: Quarterly Activities Report - 30 June 2024, page-12

FY 2020 $1.25m of CR - $1.62m Loss
FY 2021 $1.51m of CR - $1.75m Loss
FY 2022 $0 of CR - $1.91m Loss
FY 2023 $3.51m of CR - $2.91m Loss
FY 2024 $ .7m of CR- (Does not include the $465k shortfall placement in July)

Anyone see a pattern here?

If not.... perhaps some SP3 pilgrims can see some patterns here? Some trend lines to help...




What about here? Is there any identifiable trend? Cashflows from FY 2020 to FY 2024? Can anyone see a uptrend to cashflow positive here?



With so much positive commentary from the CEO with respect to sales growth for what is now approaching HALF A DECADE, you would think these trend lines would look seismically different. In fact, as has been alluded to already in this thread, many investors (and some speculators such as kickit2me) have put too much reliance perhaps, on misleading statements by the CEO over the years. These "one off" costs that appear year after year with remarkable predictability are not going away. This claim that SP3 had to recapitalize in order to re-stock for the impending explosion of sales (yet again) says they cannot produce these products at a price that actually makes it profitable.

These numbers and trends can change but not with Dyson and Cooper at the helm.

Which of you fellow shareholders is willing to hold this management team to account at the AGM?