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1.0¢ alexium international group limited

Ann: Key Organisational Changes showcasing Alexium's Growth., page-123

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plough

34,119 Posts.

1880

24/05/17

13:02

Post #: 24882261
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Originally posted by makattack ↑

We have already begun to benefit from this global expansion, with quarterly revenues increasing 92 percent quarter on quarter in the third quarter of financial year 2017

I can confirm that the above statement from the company was misleading, badly worded, whatever you want to call it. The 92% was supposed to represent the AVERAGE of the following:

* Percent increase in revenues from 2017 fin year Qtr 1 to Q2
* Percent increase in revenues from 2017 fin year Qtr 2 to Q3

Can possibly still work out a rough estimate but it is lower then the $14mill+ figure that we'd calculated on the misrepresentation.

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hmm that is interesting , I used that 92% figure as part of the reason for reinvesting more stock in the company , given the investment I have is with a Trust the ramifications of my decision is egregious .

AJX Price at posting: 53.0¢ Sentiment: Sell Disclosure: Held
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