Big pump in volume just before trading halt. Insider trading or another P&D?
Good luck to your investments.
Do you even read about the company/products/management before you invest?
Directors conveniently issued themselves shares before the pump? Are you sure they are looking after share holders best interest.
This company is not cash flow positive and will have another round of CR soon.
How is your CAT doing again?
Thought so.
Have you even read their half yearly report.
Half year 31 Dec 2017 $
Revenue from sale of goods 168,667
Cost of sales (121,734)
Gross profit 46,933
Other income 1,394
Amortisation of intangible assets (82,400)
Impairment of intangible assets (1,284,600)
Profit (loss) before income tax expense (1,889,161)
Profit (loss) for the half-year (1,889,161)
Other comprehensive income (loss) for the period Items that may be reclassified to profit or loss: Translation of foreign subsidiary (11,749)
Total comprehensive income (loss) for the period (1,900,910)
It's almost laughable.
EQUITY Issued capital 66,694,036
Option reserve 148,000
Other equity 468,000
Accumulated losses (66,495,737)
Foreign exchange translation reserve 8,957
TOTAL EQUITY 823,256
Look at the cash burn rate.
CASH FLOWS RELATING TO OPERATING ACTIVITIES
Receipt from customer 72,899
Payments to suppliers and employees (581,047)
Interest income received 1,394
Net cash (used in) operating activities (506,754)
CASH FLOWS RELATING TO FINANCING ACTIVITIES
Proceeds from issue of shares 600,000
Repayment of borrowings (202,990)
Repayment of amount due to director (141,600)
Net cash from financing activities 255,410
Net increase (decrease) in cash and cash equivalents (251,344)
Cash and cash equivalents at beginning of half year 1,042,558
Foreign exchange translation (11,749)
Cash and cash equivalents at end of half year 779,465
Obviously raised funds early this year at 0.02 to keep them afloat. Will be churned out in a matter of time before next CR if they don't pump the share price first before the next inevitable cap raise (100%).
- Conveniently issued themselves more shares (AGM resolution), diluting existing shareholders even further
Only positive thing to look for is if they decide to pump the share price up, so possibly a good trading stock to trade. However I won't be investing on the fundamentals for sure.
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