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1.1¢ alexium international group limited

Good post joe, I have to agree that if there's not some...

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melastcracker

2,080 Posts.

09/12/17

19:54

Post #: 29510561
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Originally posted by joewolf ↑

If you ask me thats the weakest BS I have ever seen... Production ramp-up. At a 30% ( yes not 40% ) margin the COGS is $7 million to do $10 million even if that's over 3 months you should not have had to use more than what we had in the facilities. GR - We have 9.5 million and are cash flow positive - that was at the AGM. Are we all mugs ? - am I off my rocker. We are cash flow positive on a quarterly basis with a line of credit that should have meant we could ramp up a 90 days or quarterly sales program that would take us to a turnover of almost $14 million extra for the quarter.

I think we need more information - Ramp up for what - are we going to still be ramping up for Pegasus. This really doesn't add up for me. They want this in the bank before the half year in my opinion.

Expand its production development team more BS for more staff which brings into question what our real margins are... Actually what is a production development team - I thought its a product development team.

Really this is beyond a joke - they didn't know that they needed a product development team expansion at the AGM...

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Good post joe, I have to agree that if there's not some definitive clarity given about this CR then I can issues arising again.

Cheers

AJX Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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