Ann: Appendix4C Sep Qtr and Activities Report- Stronger Earnings, page-46

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29/10/22

08:51

Post #: 64471069
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Originally posted by Veecat: ↑

I’d suggest it is not appropriate for a Director to justify, explain, project, their activity as to buying or not buying shares. Shares re traded on an open market and we’ve been updated as to why cash flow was down BUT told revenue was $8 mill on an accounting basis and they forecast cash to come back in when these orders are shipped.

As for comments on Zoleo sales they still shipped 10,000 plus in the quarter so it is not as though this has come to a stand still. It’s appears they are a little slower than thought and it appears as though there has been no new orders as they had a run to cater for EU expansion and US in growth phase and are now fulfilling them. If we ship 10,000 a quarter by June they may need to place a new order. We can expect US to slow though at some stage so EU is key to get that going. I think Certus sub deal is where it is at now, this will be 100% to us and can be a real money spinner if the terms are OK.

I note Texas Instruments noted chip supply is now becoming available again and we may see this supply issue quickly turn to over supply.

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What??

If asked they should 100% justify to their shareholders why when the stock is at 12months lows they don't feel the want to buy stock.

To think otherwise is nonsense... Unless of course as a shareholder you are happy to pay wages with no return

BCC Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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