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I completely agree. Can’t see how they get to breakeven by the...

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81 Posts.

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12/07/19

12:31

Post #: 39493626
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Originally posted by white_man: ↑

Musky, Sojourner

The ‘Receipts from customers’ line item of 3,727 was ratherdisappointing to see… will Q3/Q4 buck the past trends we have seen?

Only bright spot is perhaps the Auction Business. Net Receiptsjump to 166K in Q2 from 11K in Q1. Where it jumps to in Q3/Q4 is anyone’s guess….Hope it’s significant! Not exactly sure why ‘Receipts from customers’ does notinclude net receipts from the auction business… because if they did then thingswould be a little less disappointing. Any idea?

Not sure how mgt expect to be group EBITDA break-even byend of year. If they drop their marketing budget to 0 for next 2 quarters thenyeah sure.

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I completely agree. Can’t see how they get to breakeven by the end of the year without cutting expenses. As mentioned above, they should be investing in growth, not cutting there way to breakeven. I hope I’m wrong, but the top line growth just isn’t there at there at the moment.

ICQ Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
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I completely agree. Can’t see how they get to breakeven by the...

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