Happ
I agree with you. PH was giving monthly updates that business has increased substantially. I was one that bought on the assumption that revenue had not changed substantially because if it did, he would have to update the asx of changes that have effected the company. He did when it increased, but not when it decreased. This excuse of the asx not allowing him to make announcements does not cut it when there are issues that effect the profitability of a company.
Accounting standards and when revenue is recognized is an international standard and this is the figure he should be reporting in the quarterlies like every other company. The way he reports it is very deceiving and not consistent. It shouldn't be that hard as many businesses receive income in advance.
I for one have lost more than 20k on this company. Still holding a fair chunk as they are not worth much now and may as well see if it improves somewhat later in the year.
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