Dec 2016 Quarterly “Exercise of all or a significant proportion of the Options is expected to provide sufficient fundingto take the existing business units to profitability”
The die is set, the company is heading to net profit.
10 May 2017 100% OF CL8O OPTIONS EXERCISED “this highly successful campaign which resulted in 100% of CL8O options being exercised.”
“there is no foreseeable need for additional capital at this time by the Company.”
Now we can look for net profit and no capital raisings.
31 August 2017 RELEASE OF ANNUAL REPORT AND BUSINESS UPDATE
No mention of net profit.
30 January 2018 APPENDIX 4C - DECEMBER 2017 QUARTERLY REPORT
Still no mention of net profit.
27/4/2018 MARCH 2018 QUARTERLY REPORT AND BUSINESS UPDATE “the actual result at a Profit and Loss level is a more accurate view of the actual performance of the business.”
But still no net profit.
30/4/2018 NEW GROWTH OPPORTUNITIES AND STRATEGY UPDATE
Only Peer pass gets a mention of increased gross profit.“PeerPass has been instrumental in reducing risk in peer-to-peer transactions, improving customer experience and increasing gross profit margins.”
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These two questions keep a shrinking lid on the share price.
When will CL8 be profitable?
Will CL8 require further capital raisings?
Buy the news, sell the facts.
CL8 Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
