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Why would they state, "Recent Capital raised of $582k will be...

  1. spinefx
    8,931 Posts.
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    27/10/17
    18:26
    Post #: 28266225
    Why would they state,

    "Recent Capital raised of $582k will be used to purchase stock to sell in the Christmas period"

    When they already have on Deposit approx. $1.3m with manufacturer AEE. This a prepayment for inventory.

    And an inventory of 6,300 units (Wholesale Value of $1.085m).

    Unless of course the capital raise is to keep the lights on and Sean's Deliveroo lunch order paid.

    Mmmmmmmm, I'm hungary now.

    Unwashed non-holder
    Last edited by spinefx: 27/10/17
    IOT Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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