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xmanrocks

3,202 Posts.

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20/02/18

08:37

Post #: 31176562
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Originally posted by elzephyrus ↑

Apologies for the above. I made an error in dates.. Let me try again.

Guys.. They expected to do over $300k worth of sponsorship deals (via FC Capital) from the time of the deal (Dec 2015) through to March 2016.. In the 2016 annual report they claim revenue via sponsorship of $0.57m. This is over the whole year & would include sponsorship from sources other than FC Capital, so they didn't actually achieve the $300k in one quarter they had hoped for (imo).. Then in the 2017 Annual Report, they achieved a grand total of $0.68m in revenue via sponsorship for the FY17. So it's actually a very small & decreasing proportion of total revenue.. We're letting JS into our heads too much and making a mountain out of a mole hill again..

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If these numbers are correct then indeed it is making a mountain out of a mole hill........journo's are very good at that
I do believe for clarity the sponsored revenue should be recorded separately in their 1/4 ly Ann.

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Not Held
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