SCT 0.00% 0.7¢ scout security limited

Again shareholders should ini be asking what this monster amount...

  1. 13,048 Posts.
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    Again

    shareholders should ini be asking what this monster amount being spent is on consulting and professional fees


    Huge net loss

    jump in revenue from development deals sure- but still bleeding cash and losing capital

    look at net liabilities to achieve this headline 60 k total liabilities to 2.42 million- wonder if they heralded that spectacular net liabilities growth with nearly a dent in inventory

    cashflow from operating this business with all the staff costs and “ professionals/ consultants” cashflow from operation increased substantially

    a loss operating of 3.77 million vs 2.53 m—- more than 6 million lost operating this business plan in two years - little wonder imo that the directors took full security over the assets to fund a Ppe program payment

    Bonanza for brokers raising money to keep these type of losses going

    A couple of million spent on professionals and consultants- are they associated? Clearly they are not working as the accumulated losses from operation is not improving

    Cash position after backing out pipe payment coming- seriously

    ahh well- at least management and the consultants and brokers are doing well

    insane imo
 
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