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4.0¢ rhinomed limited

Sorry I wrote SALES instead of Receipts.

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Macleod22

4,863 Posts.

177

29/04/16

18:46

Post #: 17637260
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Originally posted by Macleod22 ↑

Focus on Facts Please

Sales Q3 $200,000 Q2 $116,000 Q1 $186,000

Payments Q3 $1,149,000 Q2 $2,161,000 Q1 $1,438,000

Cash Q $433,000 Q2 $1,084,000 Q1 $2,540,000

They spent $2.1 m in Q2 to generate sales of only $200,000 in Q3.

Their cash gets drained at a rate of knots. That's why annual capital raisings.

The payments exceed sales by nearly one million dollars each quarter.

Profits? What profits???????

The only reason why payments may have dropped this last quarter was due to lack of cash at bank.

And all the above after bullish statements re new distributors on a regular basis by the company.

There is nothing to get excited about in my opinion.

Last year's March sales were $159,000. So RNO has only increased sales $41,000 year on year for the quarter.

Is pointing out these facts classified as down ramping????

No wonder the sp has gone down and plenty exited and plenty more on with sell orders. This has nothing to do with my posts guys.

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Sorry I wrote SALES instead of Receipts.

RNO Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
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