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29/04/22
12:07
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Originally posted by sydneyguy:
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Seriously Business booming!!!! Lmfao first headline - customer receipts up 181 percent let’s compare to q1 cy 2021 Ohhhhh - errrrr but last report - the one in January Let’s make a comparison to previous qtr a year earlier AND the qtr before - all looking upski and exciting But this time - forget to compare to quarter before why?????? Bbbbbbcause the business has a going so well- errrr Receipts from customers fell 715 to491k!!! Forgot that comparison this qtr customer receipts fell significantly despite the big big plans - no doubt despite all this recurring annualised revenue - next qtr next qtr it will take off? cash a tiny 104 k lol in debt 1612k —— only 838 left to draw - more debt required to pay some nice salaries next qtr I suspect local coffee cart does more imo- and is imo easily more profitable more dilution coming imo
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But, we just raised $400k. That should last us a month or so. All new capital coming in is debt. This won't last long if revenue growth dries up.