No revenue from Sixty and $1.6m in ‘websites and customer...

No revenue from Sixty and $1.6m in ‘websites and customer platforms under construction but not in use’. I think the mythicial Sixy app may not really have launched and the ASX announcement may have been a little, erm, exaggerated. Would be interesting to ask Alana Gibbs & Natalie Thursfield (I assume some relation to the cookie person) who are listed as “Founders @Sixty” on https://www.thrivetribetech.com/ despite only being appointed in September last year after the app was ‘launched’.

Honestly, with over 92% of the operating revenue came from the DailyFoods business, I think my earlier joke about the company transitioning from atech business to a cookie maker is coming true. I don’t quite understand how the goodwill valuation works, I think 1TT paid $132k to acquire additional 16.5% of a company with $297k accumulated losses so the goodwill is based on ‘synergies’ whatever that means.

Disappointing to seeWooboard which was acquired for $1.5m in 2015 only making $9,096 revenue forthe period (admittedly at 81% margin). It really had potential once.