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Ann: Update to Financing Arrangements, page-85

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McKhenry

5,343 Posts.

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03/09/19

17:58

Post #: 40295860
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Originally posted by supergwailoh: ↑

oh my god! They do bugger all sales except one qtr a year! Who cares about having stock for all the slow qtrs. Of course they can cover that period. The whole point of this company is to have the December qtr. They had tried to acquire Lifx in time for the December 2018 qtr but the majority shareholder messed about for ages. It's all about having the money available to manufacture enough product for the next qtr. If you look at my previous posts and the $ amount I claim they need to manufacture you'll actual realise how an intelligent person looks at this. The 4c reports show $6.7M is due to me spent on manufacturing and operating expenses this qtr. That's the same as last qtr. This is the time you spend more to manufacture for December qtr. That isn't happening! We need to do $50M the december qtr to hit around $80m in revenue. You need twice the global inventory you had last year. Simply the numbers don't work and an intelligent person like me knows that. It's just super lazy they way they've been writing all their reports because DM has no idea what he's doing!

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Sept 4c hasn't been released, so how do you know they aren't stockpiling this quarter for next????

BUD Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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