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I thought I was talking to Ted PeccShareholders deserve an...

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Fatman8

6,843 Posts.

1439

14/07/20

16:50

Post #: 45859455
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Originally posted by Pecc: ↑

'When will the audit be available'? That and other basic questions are available to you and easily answered if you do the research as I pointed out in my initial post.

'NetZero was the reason for the credit facility in the first place' It obviously was not the only reason as once again previously pointed out to you, you would know this if you took the time to read the agreement, Fat the socks maybe dry but the shoe's are getting soaked..

'How are these margins going to go if they are using the money for general purposes'? Many company's structured finance agreements prior to Covid with the intent to cover financing & operating costs by increased revenue without the foresight of arguably the most significant economical event since the great depression. How do you think that will affect the majority of company margins?

I am far from Teds biggest fan however to be fair like many CEO's he has been thrown a decent curve ball which has for the time being derail the obvious growth EN1 was experiencing. Given EN1 has a high gross profit margin it is not unreasonable nor unusual for company's to adopt the higher volume lower margin business model when margins allow it.

During general business trading conditions many company's have used this basic formula as a spring board to the next stage of growth, successfully. As we are not in general trading conditions and EN1 is one of thousands of business's affected by current events obviously their margins may be affected. To what degree? Once again you will be able to access that information in the financials when released.

'Does this model still work are they still using it?' Don't you think that question is better suited and directed to Ted?

Hope that all helps...

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I thought I was talking to Ted Pecc
Shareholders deserve an update on Net Zero as many were sucked into this stock last year because of Net Zero, I find your excuse of waiting for the audit is a cop out @Pecc
Especially when so many shares have been issued to pay for the new credit facility, At the experience of Shareholder. A company run on credit is behind the 8 ball when inflation rears its ugly head, And its inevitable in a recession.
If that 4C was transparent it would have had a section about Net Zero, How much they made or lost so shareholders have this information to make an eductated investment decision today without waiting for an audit.
Come on Ted How about a no fire chat on how Net Zero is doing, and if your plans have changed.

EN1 Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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