re: paul100 1 2 watch
The rentworks balance was 1.848M at start of qtr, repaid 1.861M and balance now 3.54M owing.
Last qtr they showed it as borrowings but this qtr it is now revenue. What they have done is borrowed the money from rentworks, installed the camera's, then sold the installation back to rentworks and leased the installation back. They have claimed the sale revenue but said nothing about the costs and then tried to create the illusion in the quarterly that they have generated a lot of revenue for the quarter and are now cash flow positive.
As usual a lot of half truths to create the illusion that the company is going well. Just another Poltech in the making
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