Wirecard had a few billion ‘cash’ once
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They definitely have the cash on hand, so that will be confirmed. The cash doesn’t suddenly go missing and their last financial report included the interest that money was generating. I don’t believe the issue will be cash on hand, that’s safely in a bank account.
Gee, maybe all this is why a certain woman delved back into her Hard liquor cabinet.
We may all need a stiff one after the ann.
Very much doubt an inventory issue would require close to a billion in cash to resolve. The most I've ever seen A2 have in their warehouse was around $300 million. I'd suggest if its a product issue, contamination, covid on the shipment, then we would have heard that from Synlait as it came from their factory.
Agree with U ....Also ATM is not Ballerys either ...much different sized and market cap and much better researched by Intos ...Number 2 market cap stock of NZ , widely owned by institutions cant be compared with a new start up
Reasons given for its failure in report provided by Bull dont apply to ATM at all
Looks like many out to hurt ATM sentiment ...just because they facing challenges .
ATM should clear the air either way sooner then now ...Too much negative speculation going on during their difficult time !!
dont forget as well depending what there announcement is they may face class actions in australia
its probably a ballamy's
On December 2, Bellamy’s released a trading update to the market that resulted in 40% of its share price being wiped off over the following two days.
In the statement to the ASX, the company outlined “temporary volume dislocation in Chinese sales channels