PVL 1.96% 5.2¢ powerhouse ventures limited

Ann: Final Director's Interest Notice - Walley, page-11

  1. 275 Posts.
    lightbulb Created with Sketch. 10
    So if they do $2m in revenues verses $6m projections - how is this being "nearly so on targets". It is easy to always adjusted down targets or to shift the time line out another year or so. It is just such a shame that the Equity Crowd Funding model - used a lot by PVL - has been done with massively inflated forecasts that do not pass even the quickest of smell tests.

    Funny how Crop Logic published massive revenue forecasts when raising money via the ECF platforms and non in the IPO documents - because they must have been concerned about legal ramifications of doing so, and the low ball numbers they could justify would never have got the money raised in my opinion.
 
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