Market Sentiment, page-17

whats covid got to do with it? they are using covid to compare this post covid perf to make themselves look better - any idiot can read straight through it...!

1st qtr and you're already -$22m down!! what will plug this funding hole??? DEBT. full stop. NEGATIVE operating cashflow. THE MODEL IS broken.

they got "crafty" and stuck $16m lease payments under another CASHFLOW category:

to mask the fact that this would actually be -38m operating cash OUTFLOW. -$38m in 1 quarter. YOU EXPECT SOME1 TO PAY FOR THAT KINDA "PERFORMANCE"....

as i said, GOOD LUCK - youll need it! get your wallet ready....!

UGLIEST BS EVER:



A) THE ONLY REAL "ASSET" YOU HAVE IS INVENTORY. THATS IT. WHICH OF COURSE, YOU HAVENT PAID FOR!!!! $116M INVENTORY, VS $201 TRADE PAYABLES.....HMMMMM....WHY THE MASSIVE $85M GAP??? BECAUSE YOU SOLD THEM AT A LOSS SO CANT AFFORD TO PAY THEM BACK . YOU CANT CAPITALISE SUPPLIER PAYMENTS OR OFFER THEM WORTHLESS SCRIP!!!

B) YOUR CASH BALANCE IS REALLY BOPRROWED MONEY....

C) $42M CASH (BORROWED) VS ($427M) IN TRUE LIABILITIES.....NET NEGATIVE EQUITY TO THE TUNE OF HUNDREDS OF MILLIONS

HOW ARE YOUR ACCOUNTS BASED ON A GOING CONCERN, I HAVE NO IDEA....AUDITORS SHOULD BE SACKED!!! THIS SCREAMS ADMIN....