The release of a market update stating that the lift in milk prices may possibly, maybe help us get to profitability and then six hours later put the company in trading halt will leave those shareholders that bought shares yesterday (1.7 million shares) on this update underwater by the beginning of next week.
The investor presentation "accidentally" forgets to mention the profitability on page 17 so let me fill in those details
FY16A FY17A FY18A
-1.44 million -1.68 million -3.39 million
Does not seem to trending in the right direction.
BTW - $3 million of working capital will kick this can along for 6-9 months based on current performance.
Add to My Watchlist
What is My Watchlist?
