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growler1969

7,323 Posts.

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13/04/20

23:36

Post #: 44021338
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Originally posted by billy duckworth ↑

To avoid offending delicate sensibilities, I thought I'd post on this thread.

From the last half-yearly: as at 31/12/19 current assets were $180K and current liabilities $974K.

In this quarter outgoings might have been $600K with income of perhaps $100K and raisings of $400K.

Unless my figures are wrong (happy to be corrected), I can't work out how they could be solvent at 31/3/20.

Am I missing something ?

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I think your figures are roughly correct.

We have good insights into the Balance Sheet from the HY.

And we can have a pretty good guess at overheads.

Net receipts ex App stores will be under $100k. I'd guess under $50k.

There will still be dribs and drabs from the legacy products aka Corona and WP aka pre-VM pivot.

The big unknown for mine will be any additional payments from Spark for the VM backend system.

The new Q format will be an eye opener without the R&D rebate inflating receipts.

All imo.

NOR Price at posting: 2.9¢ Sentiment: Sell Disclosure: Held
4 Upvote

0 Great analysis

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