It’s hard to discuss this one when you are using figures which I believe are not real and are unaudited.
You should have picked up this when they had a Melbourne accounting firm allow them to use in the CAP raising ANN a letter stating the money raised will be recorded in there tax....Lol....is this supposed to add creditably....All it does is show this company is giving lip service to what they think a western investor would want to see without looking under the hood.
Positive cash flows mean nothing if the figures are not audited or there is no established return on capital in the form of dividend.
There will never be one for EHH, as the figures are made up.
Simple top down analysis will support what I have early stated. It’s a Shell company - No one is home
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- Ann: Appendix 4D and Half Year Financial Report and Accounts
Ann: Appendix 4D and Half Year Financial Report and Accounts, page-35
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