Hi
@joshrb91.I have read rather quickly through the whole report.
On the whole I see a lot of really positive things in it.
There were, as clearly stated quite a number of one off extraordinary costs in the last quarter.
These are unlikely to be repeated.
They are building up a nice business there and in QLD.
I do not know why you are suggesting that they will be unable to ship more pallets?
This is their intention and at a more profitable price.
If things go to plan, their turnover and profits should continue to increase.
Imo they are being very professional and proactive in promoting their products.
The only thing which I am confused about is the following statement.
"CASH BURN – Q4*note cash burn excludes proceeds from capital raise and proceeds from borrowings in the quarter. Cash burn for the quarter was USD 1,164k which was up USD 564k on Q3 mainly driven by one off factors detailed in the table below."
Where are the proceeds from the capital raise and borrowings and why are they excluded?
Perhaps someone with a better understanding, could explain this please?
(20min delay)