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15/11/21
22:06
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Originally posted by austted:
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I do not see any thing deceptive in that change in amortisation at all. This was discussed in great detail here some time ago. The change has no effect on their cash flow and only effects their bottom line while their are rapidly growing (eg more new coverage than that being written off). Also their investment in AI is adding value that old coverage so it may retain value long after it is written off. I have seen no evidence of deceptive accounting to pump the price in order to raise capital and suspect they have been talked into the capital raisings by outsiders (eg merchant banks) and agreed as it made sense to grow quickly to assert dominance in their sector. On the contrary their playing with a straight bat and avoiding undue marketing hype may be what has made the SP vulnerable to the Shorters because of their predictable consistent growth. It might take the introduction of the HyperCamera3 and its reduced capture costs to make NEA clearly profitable and scare the shorters away.
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The user you responded to is intentionally down-ramping. Best thing to do (for all of us) is to place these users on ignore. They seem to be out in force at present, all seeking to further their own interests at the expense of existing retail holders.