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GMV g medical innovations holdings limited

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3.9¢

They have $6M in receivables so fair guess a reasonable portion...

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21/05/22

13:47

Post #: 61539769
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Originally posted by IronChef ↑

Imagine being the Private Placement outfit who bought at $5 on Jan 31 and $1.50 on April 18 ... only to realise their funds will be spent on buying back shares at $1.
When the SP will only plummet again once buyback runs out, because the only buyer willing to pay $1 is Yacov himself.
Genius business plan.
Much better than, you know, making a product and selling it to actual customers. Why do that when you can play share market games like this?
So on May 17, cash in the till is $3M... of which $700K is Covid revenue.
So what happened to the $20M private placements? What happened to $17.3M since Jan 31?
JFC.

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They have $6M in receivables so fair guess a reasonable portion of that $20M PP went on inventory production costs. Hopefully they are in the process of selling that and will convert to cash in forceable future. Some basic reporting would assist our understanding of just what is happening in the GMV business.

GMV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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They have $6M in receivables so fair guess a reasonable portion...

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