1. Sales
Projected for a full year of only $2.6m. Not enough to cover expenses. Therefore more accumulated losses on the way.
2. Receipts
So low. Explanation is refer Receivables. However do they match expenses? NO!
3. Expenses
Projected at $5.2m for the year. Compare this figure with projected Sales and you can determine the shortfall.
4. Cash
With a total of $1m in the bank and due from creditors this will not cover annual expenses.
5. Standby Funding
The $2m will not be enough. Dilution ( Capital Raising) on the way whichever way you view it. No the Chairman is not offering funds as some of you claim.
6. Outflows for Next Quarter
Another $1m required to cover costs. Where will the cash come from to keep the company afloat??
Staff costs up most likely due to a CFO finally being recruited?
Advertising costs down. Wonder why ?
Product Manufacturing substantially down. Is that because they anticipate lower sales?
Observations
Interesting that when it comes to reporting on sales, revenue, receipts etc the term RECORD is widely used.
When reporting on expenses, losses, additional shares the term RECORD is never used.
Sorry but I see no reason to reenter the register based upon what the Quarterly has disclosed.
RNO Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
