TRU 0.00% 1.9¢ truscreen group limited

Ann: Recording of Annual Shareholder Meeting, page-6

  1. 1,109 Posts.
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    Sorry, yes that was 7 cents @Few Pennies. I have mixed feelings about my holding and i'm certainly not interested in topping up..We have had two cap raises not far apart which has diluted holders.

    Now listed on the ASX... cool. Was it to just to raise money? because they haven't said boo since.

    There is no volume, no interest in this stock. Yet our little 20mil mcap is spending over 600k in marketing a year and over 1.1 million in wages

    Management bringing no back bone. What happened to Victoria? well according to Ho, he fired her because she was causing problems with some partnerships... what happened following that? "Victoria Potarina Recognized As An Exceptional Individual By Australia’s Global Business And Talent Attraction Taskforce"


    How much are selling the SUS device for?

    Why are we paying suppliers this much?

    Cash paid to suppliers and employees including GST 4,282,506 (4,415,470) <---- (2021, 2020)

    What are we getting for that? less than 1.3m in sales from 2020

    How is this company going to make money?
    and how is it going to benefit share holders? l
    it loses 3-5 million a year.

    Whos going to participate in the next cap raise early next year seeing as 3.5million is already been dusted.

    "The annual report it states that the Cost of product sales for 2021 was $732,603 verses Cash from Customers $1,242,595so $732,603 X 1.6961369 = $1,242,595 ( so the cost prices is marked up by almost 70% ( 1.696) to arrive at that sale price."

    Then you have 400,000 in administration 1,200,000 - 730,000 - 400,000 = $70,000

    If they are not going to make money how will we?

    Why are we only going to low income countries with our device? Why is the Truscreen not available in either of its own countries Australia and New Zealand? Approvals? why are they not looking at this, can they not get them? is the story too good to be true.
 
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