BPH 5.00% 1.9¢ bph energy ltd

Ann: Half Yearly Report and Accounts, page-35

  1. 259 Posts.
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    The revenue thing is a non issue. BPH don't have a revenue yet they aren't selling BARM or gas. The revenue there were getting was from interest from loans which they have converted to equity so that's where the difference comes from.

    "Revenue fell by 81.2% to $32,237 due to the reduction of interest income on the conversion of the Company’s loans to Cortical Dynamics Limited to equity equity."

    So we are talking ~$156k down to ~$32k. For a company that has invested $25M into Pep 11 so far and raised $9M just a few weeks ago this is nothing.
    Last edited by baz1996: 25/02/21
 
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