Interesting he sold shares before the 4C. If it's supposed to be a record quarter the SP may have gone up a few pips.
Every 0.1c x 55M shares = $55k. Just had to wait another 20 days. If desperate for cash he could sell a small amount now & remainder when record 4C announced.
Q4 FY22 revenue was $5.1M & there is about +12% via rate rise/fuel levy = $5.71M even with flat growth.
GMV was $1.64M in August x 3 = $4.92M possible for the quarter x 4 = $19.68M is less than GMV in November last year in the presentation. Fees will be possibly $5M x 3% = $150k compared to about $4M x 3% = $120k last quarter.
They mention August orders up 30% on June but nothing about July which could have been lower. 2,763 orders mentioned for August x 3.63 cases per order average = 10,029 cases is too low.
99,465 orders mentioned for FY22 / 12 months = 8,288 orders per month average so 2,763 orders for August is very low.
They mention 1,215,417 cases shipped in FY22 / 99,465 orders FY22 = 12.2 cases per order average but they mention 3.63 cases per order average.
2,763 August orders x 12.2 = 33,708 cases also low so the August order numbers mentioned in presentation don't make sense.
Cash burn possibly still high & fuel prices are up now since fuel excise discount ended.
Something smells & the only record may be the length of Deanocchio's nose.
I think the cleansing statement last week for 62.5M shares to insto was for another $1.24M. First notice was for $1.49M that must be the $1.5M first instalment & the previous one was for $1.24M which must be second instalment. Must have high cash burn so required second instalment.
DT says thanks to shareholders.
(20min delay)