MOZ mosaic brands limited

the full year speaks for itself!1 vs 2: cash went down. full...

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    the full year speaks for itself!
    https://hotcopper.com.au/data/attachments/5462/5462666-b38bce8a7b2254153034cc8397c6fb16.jpg
    1 vs 2: cash went down. full stop. broken business model.

    This is AFTER
    - capitalizing all interest
    - debt to equity conversions
    - deferring every payment
    - sacking headcount everywhere
    ...list goes on and on and on....imagine they PAID what they owed??? all those equity conversions....in cash instead, suppliers finally getting paid? how UGLY would the above be?

    NOW LOOK AT THE FULL YEAR...
    STARTED WITH $42.7M CASH. ENDED WITH $11.8M
    rolleyes.pngeek.pngconfused.png ~$31M DROP IN A YEAR. SEASONALITY MY BACKSIDE...THIS IS THE FULL YEAR POSITION. EVERY ATTEMPT TO SHROUD THE NOSE BLEED HAS FAILED.

    ps: (all borrowed money too!), did any1 ask who got paid out those ~$1m share buy backs at 7 times mkt price (more like 10 times now?)

    WOW. how is this still a "going concern"??
 
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