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Ann: TAS: EDEO Option Exercise, page-53

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pbkub

245 Posts.

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31/07/18

15:04

Post #: 34648720
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Originally posted by jake0002 ↑

yes, and that's only about US$124k worth of sales.
so bugger-all to Valley it seems.
Kudos to Rolling, who continually said Valley orders had ground to a halt.

The other thing I noticed is that Staff Costs have dropped, so I reckon 1 or 2 sales people have gone.
So end June EDE had A$3.49m plus A$1.8m = A$5.29m
less estimated outgoings of A$2.55m next qtr will leave EDE with cash of A$2.74m - but thats not taking into account any receipts from sales.
Nor does it take into account any cash from exercise of EDEO's. I think there is possibly A$2m should come from that source.
So maybe EDE does not need any CR up to Sept 2018?

The bottom line here is that (given the poor sales shown in the Qtr to June 18) there is apparently plenty going on in the testing and trialing depts.

I guess that confirms that we s/h are still here because we believe in the potential of E/C.
I think the level of trials around the US Govt authorities shows that there is still real potential in E/C - but that it is taking an agonzingly loooong time to develop into actual sales/orders and thence receipts.
Much longer than anyone predicted.

So who'se got the patience?
I think I will still stick around, and see how things stand at 30 Sept

Expand

Éden crête currently advertising for two sales positions (east and west) and one concrete technician so they still have growth in mind.

Certainly testing patience!

EDE Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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