Lets just talk about the Financials and comments relating to that

Please read the ASX Press Release, by Oliver's, dated  30 January 19. Trading update & revised FY19 earnings guidance.

KEY POINTS IN THE SUMMARY NOTES WERE:
1. Refer Page 2. The capital raising in November raised only $4.12 million dollars instead of $7.4 million.
    note: The Directors did not take up their full entitlements in the rights issue. Greg Madigan C.E.O. took up nil. Jason Gunn the vendor took up nil.
2. Refer Page 2. FY2019, EBITDA loss of between $1 million to $4 million. note that means they are going to lose money again this financial year.
3. Refer Page 4. The Chairman Mark Richardson said the directors are disappointed with the companies performance. note. Really?????

KEY POINTS IN THE SUMMARY FINANCIALS WERE:
1. Refer Page 3. Cash in the Bank 30 December 18 was $3.471 million. Bank overdraft nil.
2. Refer Page 4. Loan facilities $1 million drawn down. 
note: So this would suggest that as at 30 December 18, they had $3,471 million dollars cash in the bank less $1 million dollars loan facilities leaving a cash balance of just $ $ 2.471 million dollars left. PLUS FURTHER LOSSES THEY ANNOUNCED GOING FORWARD OF SOMEWHERE BETWEEN,  $1 MILLION & $4 MILLION DOLLARS AS PER THEIR ANNOUNCEMENT 30 JANUARY 19. READ IT.

HOW MUCH HAS OLIVER'S LOST IN JANUARY 19 & SO FAR IN FEBRUARY????

This was signed off by Gregory Madigan Chief Executive Officer & Mark Richardson Chairman.

Interesting Postings I have selected for you to read, NOTE, the very high upvotes they received from other posting voters. 

Look at posting 30 Jan 19 Finne with 18 upvotes.
Look at posting 30 Jan 19 Ruthlessvillan with 9 upvotes
Look at posting   1 Feb 19 Haronga with 9 upvotes
Look at posting   4 Feb 19 Ruthlessvillan with 9 upvotes

i am deeply concerned to see some bullish comments from new posting commentators suggesting that there may be a profit in the next quarter when Greg Madigan the C.E.O. & Mark Richardson the Chairman have forecast loss's of between $1 million to $4 million dollars to 30 June 19.  

With only $2.471 million dollars left in the Bank (if they paid back the loan facility draw down of $1 million dollars) and further loss's Greg Madigan & Mark Richardson talk about it would appear to me they just can't survive. 

I don't want to see new Mum & Dad investors bitten like those Mum & Dad investors that put their money in @ 20 cents, some more money @ 11 cents. Their dreams have been shattered and many have lost substantial sums of money that they can ill afford. 

Please read carefully the above and make up your own mind to invest or not. It is your money. Gentleman please ask your wife, they are much smarter than we give them credit for, they really are.

I suggest you stand in the toilet with the money you may wish to invest in Oliver's and seriously ask yourself would you flush it down the toilet.

In my opinion investors have been sold a pup and Oliver's just cannot survive.