OAK 0.00% 6.2¢ oakridge international limited

I am no fan of this inept BOD, or the scandalous activities of...

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  1. 1,612 Posts.
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    I am no fan of this inept BOD, or the scandalous activities of previous management which have run this company into the ground imho, but these numbers are not that bad:

    Receipts from customers current quarter: $698,000
    Cash and cash equivalents at end of quarter $1,526,000


    Still running at a loss but for a company with a mc of just $1.5 million to have annual sales of $2.12 million and $1.5 million in the bank is pretty ridiculous imho.

    It's basically trading at "cash in bank" value, with no value attributed to sales or its technology at all.
    Last edited by Levelgrinder: 30/07/19
 
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