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Nah re-read it. They've got 3m debt, paid down 700k of it this...

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29/04/20

15:17

Post #: 44327751
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Originally posted by Mr.Red: ↑

I think you have your figures a little wrong mate...

they have $775K in the bank... thats a fact...

they have over $12million of financing facilities available to them currently.... good thing about that is there is no need for a CR..

however they drawed on $3.3million last QTR...

they made over $728K after expenses... yet they still drawed down over $3,3million from their loan facility... something doesn't add up...

it says they paid $80K toward their finance and interest last QTR...

unless im reading the report wrong, it seems to me that they had a financing facility of over $15million, yet they drawed $3.3million last QTR, and only made a gross profit of $728K after expenses, but now are increasing their debt?

happy to be corrected... but something seems a drift here, they look like they are going backwards... maybe making revenue, but debt is increasing, not decreasing..

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Nah re-read it. They've got 3m debt, paid down 700k of it this quarter. Didn't get any new debt this quarter.

Hugely undervalued here.

GO2 Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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Nah re-read it. They've got 3m debt, paid down 700k of it this...

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