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0.8¢ the calmer co international limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4

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thecore

3,647 Posts.

284

31/07/24

10:27

Post #: 74997993
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Originally posted by Stockholm: ↑

Do I (and thecore) get a point for being right?

advertising, wages & production costs all up.

and this is all before the cash injection from the 2nd July placement which will push for further expansion and expenditure.

you need to spend money to make money - but it also needs to have a profit margin which hasn’t really been seen or in sight.not spend a dollar and lose more.

CCO say they have 1 quarter of cash left and rightly so the cash injection came post cut off.

BUT when you read the use of funds from the cap raise wasn’t it only $400k set aside for working capital? The rest was expansion capital allocated.

And CCO are still burning $800 - $900 k quarter?

otherwise respect, they are pushing some decent numbers of kava.

All my opinion and ramblings only. Do your own research im always wrong - just ask leapzig

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told you! Things never change. I still think next quarter will be worse.
GLTALTH

CCO Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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