Removal of CEO, page-78

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Holdtight

2,812 Posts.

1923

31/03/21

08:30

Post #: 52159854
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Originally posted by supergwailoh: ↑

"Thats not right....the $18m was mostly xmas orders...Only a small part is in the $24m-28m...Some did follow through....If you listen to webinars then you would have known that.......I misunderstood what ur question was..." Holdtight.

Last qtr was $9m total. This qtr predicted $24m-$28m.
" only a small part is in the $24m... "
So where is the rest of it?
The company boast they have $30m of orders knowing they can't fulfil them. That's deceptive and misleading conduct.
To me all that $24m is backdated orders. The company are playing catchup and all their new supply is filling orders that carried over that couldnt be fulfilled last qtr, so I totally disagree with Holdtight. They do not have the money or available finance to fulfil new orders until they get paid. So like I said, this guidance is a fluff announcement, worded badly to try and confuse people. It's news we already had that's being repeated.

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I know you are not a stupid as you are making out.

$30m in 30 days....only a small part of this fell in $9m Dec quarter. $24-$28m is the rest over the first 6 months of 2021. ( I have said many times I expect this is a conservative guidance)
$18m in orders that wasn't filled was mostly xmas orders. A small amount of that advanced to orders in 2021. The rest was " fill or kill" and went away.

Simple as that.

BUD Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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Removal of CEO, page-78

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