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31/10/19
16:39
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Originally posted by FoolhardyFreak:
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Seems as though the company’s ability to report income via blockchain is still restricted- That would account for why this report shows income of 15m over the past 9 months while last 4C had half year income of over 13m. Would be nice to see what overall income is but quarterly revenue of 6.5m considering everything is for me is a move in the right direction.
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You're right. ASX is not allowing AB1 to report blockchain related revenues (after all this is a blockchain company...) by the looks of it. If you compare cash holdings from last Q to this Q, it went from $10.154m to $12.210, increase of ~$2m. We need some commentary from management ASAP on how they have to report from now on and give us a true reflection of how the business is going.