whats covid got to do with it? they are using covid to compare...

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....