I also had an email conversation with Yacov yesterday.
For the others, Yacov confirmed it was human error on the company secretary's part in regards to the forward looking statement.
Anyway, I'm trying to get to the bottom of some questions I have in regards to the financials released last week. IMO Yacov, Brendan and Henry know the answer, but no one is willing to provide any answers to the following.
The $1m increase in trade payable
The $3.2m increase in other accounts payable
The $1m increase in the cost of sales of products. But no corresponding increase in sales or inventory.
The $1m decrease in inventory. But no corresponding increase in sales.
How many prizmas and patches were produced during the period?
Maybe someone with a background in accounting can provide a simple answer. I asked Yacov if the reason for the above was a result of GMV providing the prizma and patch to potential customers for free?
Keep in mind these numbers are for 2019 and not 2020. So nothing to do with the Coronavirus.
Maybe I'm way off the mark here....
Thanks in advance.
GMV Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
