thanks for sharing Pman, i suspect they are trying to move...

First 27 Last

Share
Profile

Follow
alannnnnnn

2,590 Posts.

154

02/09/20

13:22

Post #: 47021703
Share

Originally posted by Pman: ↑

Hi A

On the release there is nothing in there, which seems odd.

Launched in May that is at least all of June to trade or manufacture and deliver product. But the segment and Balance Sheet show no inventory or sales.
Revenue cannot be recognised until the contract is for-filled. So if a sale is made, a product must be delivered. Does not mean you can't get the cash in, just means you need to give the customer the goods.

Now they are not the manufacturer, then no product was delivered to their warehouse. As taking ownership would mean some stock.
So possibly the manufacturer delivers direct (so why do they have the warehouse in china) and has not reported in time for the financials (hard to believe as it is 2 months later and that information can be used post June as it relates to June) or immaterial and the auditors said do not worry about it.

odd

Did anyone get there product before June?

As for the deal, as much as we have been done over and IMO the power shakes guy would have been preferable. Why I say that is the previous deal was set at 30c buy in, this deal they did us over at 10c. Anyway it is now done and the board and the mates are now set and will safely control the voting. Lets hope they don't go down the path of Glyn and hand out bonus shares for doing nothing.

Got to remember they held back PG new deals until after we had been taken offline which was always going to hurt cash-flow.

It was always about setting themselves up before anything would kick off.
Now that is done lets see how it goes.
First target is cash positive before any strong support will come. No guarantees but they have people in charge that know industry and have connections that can make it happen as apposed to Glyn who was way out of his depth.

Now comes the question what will they be satisfied with as an exit price. hopefully 10x would be worth the effort.

Expand

thanks for sharing Pman, i suspect they are trying to move everything they can to the new FY, next 4C must be very interesting!

OBJ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

MCT

Metalicity looking for offers on Admiral Bay zinc project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Talking Australia's very competitive property landscape: Realty Talks

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

There are more pages in this discussion • 3 more messages in this thread...

First 27 Last

Add WFL (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $1.478M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

thanks for sharing Pman, i suspect they are trying to move...

Metalicity looking for offers on Admiral Bay zinc project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Talking Australia's very competitive property landscape: Realty Talks

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Featured News

Featured News

thanks for sharing Pman, i suspect they are trying to move...

Top Stories

Metalicity looking for offers on Admiral Bay zinc project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Talking Australia's very competitive property landscape: Realty Talks

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Featured News

Featured News