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Originally posted by bakker:
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Hi DoriansMirror...all I am saying is that while the financials are dull and boring stuff, they do , like a mirror, tell you a story of the financial health of a company. The Auditors Report also highlights any concerns and I paste from their report.Emphasis of Matter: " Without qualifying our conclusion, we draw attention to Note 1(b) in the financial report in which indicates that the consolidated entity incurred a net loss of $5,471,570 during the half year ended 31 December 2020 and had negative operating cashflow of $1,171,334. These conditions, along with other matters as set forth in Note 1(b), indicate the existence of a material uncertainty which may cast significant doubt about the consolidated entity’s ability to continue as a going concern and therefore, the consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business, and at the amounts stated in the financial report"
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How much investing experience do you have in the market? This is the exact same auditor note on every single company on the ASX that has a negative operating cashflow. If we did not have that, we'd be trading at $4+ easy minimum. Every single spec company on the ASX is a "going concern". Biggest facepalm mate. Learn your terms and financials on the market.
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