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Ann: Quarterly Activities Report and Appendix 4C, page-30

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Stezza

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31/10/18

11:04

Post #: 36329205
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Originally posted by towkay ↑

Everyone is pressing the panic button this morning based on the receipts figure.

As far as the report is concern,
" The lack of availability of IQbuds BOOST stock early in the reporting quarter and the ensuing ability to receive payment for product shipments then made in the latter part of the quarter, impacted these results."

This tells me that there was a misread of how much boost was accepted by the market and hence did not make enough of them for the market's need. When it was finally supplied to the customers, the receipts of that revenue could not make it to this Qtly. There is money to come but will be included into next qtrly receipts. Sales was there but timing in getting the money is out of this qtr. It would have calmed everyone if they could give an estimate of how much that portion of the receivable is.

Am I the only one drawing the wrong conclusion?? Pls discuss.

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I do agree here. It is poor management not to have enough stock but the reason for drop in cash receipts has been outlined.

I am disappointed with the original buds sales but i am not surprised. When a new model of any product is announced, people put a pause of buying the old. Particularly in tech. I have held off buying cars on a sniff of a new model release.

NUH Price at posting: 6.1¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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