AHI 0.00% 9.2¢ advanced health intelligence ltd

FY19 revenue forecast - Target not met, page-95

  1. 1,763 Posts.
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    This company amuses me more and more the further I look into it.

    In anticipation of the next upcoming quarterly/4c due this month, I wanted to look at the most recent 4c from last quarter to see how much cash outflow they anticipated, to be able to compare it to actual outflows.

    They anticipated/estimated that they will spent $1.26m. The hilarious part is the breakdown
    - $90k of R&D
    - $25k advertising/marketing
    - $740k staff costs
    - $395k admin and corporate costs


    You absolute beauty. Management  is spending 90% of shareholder funds to pay themselves their salaries and all their lifestyle costs.

    Now I'm starting to even doubt if this company is even worth shell value, LOL.

    Run run run!
    Last edited by dkayed: 15/07/19
 
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