When does the ASX get involved with a company like this? Revenue...

  1. 102 Posts.
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    When does the ASX get involved with a company like this? Revenue promised never delivered! With a credit raise just done they have burned through a lot of that and only have enough for one and a bit quarters. Is this a company that is just existing due to Covid financial allowances and once these allowances have been taken away they will not be able to survive. If they could not sell beer during Covid how are they expecting to sell it after. They generated $173,000 of revenue for the quarter. THEY SPENT $904,000 IN PRODUCT MANUFACTURING AND OPERATING COSTS!! THE BEST PART....$372,000 SPENT IN ADMIN AND CORPORATE COSTS.....WTF (I'm giving up my day job going to work as a secretary for BROO) Which board of directors think that it is okay to spend double the amount that they have generated paying themselves. Maybe I have got this all wrong and it is all legit, but I''m out.
 
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Currently unlisted public company.

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