How are they going to fund ongoing costs over the next few months. I know they have debtor finance but that will only advance them the amount invoiced and due for payment. Going by the historical cash burn and expected outgoings for promotion and support you can only surmise they will be needing some additional funding by Qtr 3 or 4 at the outside, even with exceptional sales. My understanding is the US sales structure means the US sales arm is paid from the gross sales amount and not the actual profit made. If margin does not cover costs they still get their slice and the Aust arm cops the loss. It seams all energy (and costs) have been focused on the US sales drive. Is this other than coincidental?
Absolute speculation, but for me I have an uncomfortable feeling the US arm is all set up ready for a migration to the US at some later point. Remember the original plans to list on the nasdaq.....
All just speculation, not advice.
- Forums
- ASX - By Stock
- IOT
- Ann: May 2017 Operational Update
Ann: May 2017 Operational Update, page-209
-
- There are more pages in this discussion • 167 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)