YOW 0.00% 2.5¢ yowie group ltd

Ann: AGM Presentation Correction, page-39

  1. 1,672 Posts.
    lightbulb Created with Sketch. 110
    Sorry for the serial post, hit send by mistake.
    Anyway, strangely enough I feel better after the correction of the sales figures than before. This is because we all doubted such incredible figures were possibly true in the first place. But now, in the corrected form, they make much more sense and we are secure in the knowledge that Yowie sales are growing exponentially and we are selling excellent volume of product.
    In short, from the figures provided from the September quarterly and from the AGM, sales in Oct alone were around $3,5 mil USD. As CEM pointed out that's around 1.15 mil units. That is now clear, and we dont have any doubts.
    The main point is that even if this sales rate isn't sustained (and in fact it should still increase as new customers from newly rolled out stores come back for more figures to collect, and further stores are brought on board in the future eg 7-11 and Kroger), we are and will remain in POSITIVE CASH FLOW TERRITORY IMO. I for one didnt believe Loxton was realistic when he predicted we'd be making profit before year end, but it looks like he may have been right!
 
watchlist Created with Sketch. Add YOW (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.