Bigwill has been spending so much time on forums of stocks he doesn't own he hasn't been able to do an analysis of figures with this company. So I thought I would help him out by looking at the past 12 months of the A team work
Last half FY 2020 Revenue $87 K and expenses of $1.33 mill
Last half FY 2021 Revenue $114 K and expenses of $2.21 mill
An increase of $27K in revenue for an additional cost of $880K. No result but more cash burn
Buriram United Hub - price sensitive with 1000 subscribers - End result who knows but free subscriptions given away in the end. Never an update
Running platforms for third parties but not even recouping direct costs let alone any indirect costs like marketing, admin, wages, research etc.
Mogul moves into mobile gaming - many months and $$$$ invested but no result
Kelloggs and Walmart announcements but both are stated as immaterial to financial revenues
One can only hope that there will eventually be a price sensitive announcement that has some material revenue streams before another capital raising
In the words of BigWill - "Scary stuff' IMO
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-125
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