Ann: $2.4m in COVID Subsidies Applied For, page-45

@McKhenry, why do you believe the $14m order would transfer into March quarter? The missed order in Dec17 did't transition to the March 18 quarter. What makes you think the order wasn't part of a Black Friday / Cyber Monday /.Xmas promotion? Where did the coy infer this transfer to March? From the webinars, we were told we needed the bulk promotion orders to land to achieve the 70% growth. They did not land in 2019.
GROSS Revenues of around $6m-$8m for the first 3 quarters sounds about right. That equates to approx $4.5-$6.5m NET revenues.
The coy changed it report methods after acquisition to only report NET REVENUES.
Now lets put in your 20% growth under non pandemic circumstances. That gives $5.4- $7.8m and now remove your 50% for the month of March for the shutdown. Each month is $1.8- $2.6. so 50% is $0.9m to $1.4m ..... that gives a net revenue number of $4.5m to $6.4m.

If the majority of shareholders believed that this quarterly was going to be better than last year (when the share price was 8c), then they would not be prepared to sell out for 1 cent.!!!!!