actually they did pay $787K back to the financing facility... i...

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The Disciple…

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29/04/20

15:18

Post #: 44327791
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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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actually they did pay $787K back to the financing facility... i stand corrected there... but still the debt is still increasing compared to the gross profit... am I missing something here?

GO2 Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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actually they did pay $787K back to the financing facility... i...

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