Ann: Q2 Business Update and Appendix 4C, page-5

First 5 Last

Share
Profile

Follow
Robot16

170 Posts.

4

01/02/22

11:33

Post #: 59269488
Share

Originally posted by fourdollars: ↑

Here's some commentary:

"After over a decade of operation through different - but equally pathetic - versions of an online marketplace, and a simply staggering $56 million in equity contributions, we have built a company that has never made a dollar in profit.

Now, online marketplaces are a somewhat seasonal business with a defined spike in the December quarter which includes Black Friday sales, Thanksgiving Sales and Xmas sales. And while we collect money from customers immediately, we only have to pay our vendors on 30-90 day terms. So boiled down, the December quarter is great from a revenue perspective, but it will be followed by the March quarter which will be high on expenses, since we have to pay for all the trinkets we sold in the December quarter.

It can be a trap for beginners who see a big cashflow positive December quarter and buy in, only to be disappointed in subsequent quarters.

But how thoughtful are we eh? We can't even generate positive cashflow in a December quarter! So we do all we can to protect potential investors from stumbling into the cash-eating machine that we are!"

Do yourself a favour Robot17 - dump it while you can. The business is not rocket-science, no R&D to do, no mine to build, no clinical trials etc ... just a bit of off-the-shelf technology that facilitates you selling stuff before and for more than you have to pay to buy it. And $56m later this is where they have arrived. You should also be aware that were it not for numerous share consolidations, the SP would be quoted in thousandths of a cent ...

Expand

I agree with your comments above $4.
I tthink this is a risky investment but I do have a portion allocated here. My big thing is the cash burn has been reduced, in light of the big Xmas period.

My big thing which keeps my interest is that DMX are in this and Mike King picks good companies too.

DMC Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

AII

Inside the depths of Panasqueira: A legacy carved in rock

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

Trump just dropped a 200% tariff bomb. Here's how to cash in

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Q2 Business Update and Appendix 4C, page-5

Top Stories

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

Inside the depths of Panasqueira: A legacy carved in rock

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

Rare earths stocks surge as Pentagon buys big stake in US REE miner

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

Trump just dropped a 200% tariff bomb. Here's how to cash in

Featured News