I will ask management to clarify but the EBITDA formula is a solid international accounting measure and it is simply misleading to quote EBITDA and leaves out heaps of costs.
If they manipulated this formula to give a misleading impression of the quarterly , I am going to report them to ASIC
I am rather sick of reading their reports of how well they are going, only to be suprised with a new capital raising for working capital purposes.
The most recent interview with Brian was just recycled crap
I am on the warpath for clarity in financial results reporting
My sentiment is now " None" becuase I don't believe their figures.
MOY Price at posting:
29.0¢ Sentiment: None Disclosure: Held