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4.1¢ incannex healthcare limited

Lucky you sold mate.

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rhino78

407 Posts.

405

03/06/20

09:59

Post #: 45001098
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Originally posted by bosco222: ↑

Sales update ?? What sales up date...again this company keeps key details about numbers to themselves..YOU would think a sales update
would include an update about their oil sales.
Their oil revenues are not great and quite low margins.
They spent lots of money relocating to china to set up operations and even stated it was a masterstroke and a smart cost savings measure.
Engaged a team to go their and set it up...at an expense.
The mouthguard side of the bussines was where their main revenues came from.
They also stated that the oils side is low margins because they are still being sourced locally -even though they signed an agreement with an overseas company for their margins to be better.
These guys jump all over the place..
letting go of Axim was a mistake...as they had access to some great products....now they are letting go of their most profitable side of the business in regards to revenues...Their last few quarterly reports clearly show that their oil side is unprofitable and their mouthguard side was profitable. ...This company sure does jump all over the place....NO wonder smart money and pro money (brokers ) dont want a bar of this lately.....
What will be their NEXT..change of mind ?????????

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Lucky you sold mate.

IHL Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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