I wish VML well, but where is the liquidity
Quote:
Originally Posted by
Baa_Baa
...I mentioned on 2/3 that "VMob 2014/15 interim results to Sept 30 were released 28 Nov, so if that's an indication, the Full Year results to 31 March 2015 should be released late April...
As an NZAX listed company their initial Full Financial Announcement needs to be no later than 75 days after the end of the Financial Year, which would be about 14 June.
Quote:
Originally Posted by
Baa_Baa
...Investment to date: Pre listing NZ$798k, Post Listing Funds FY13 NZ$906k, FY14 NZ$8,135k FY15 NZ$2,174k, Total NZ$12,013k" It's not clear to me precisely what this means as it implies around a 1/4 of the capital raised in FY15 (is that the current year?) for a 280+% increase in revenue. It would be more helpful if they said FY14/15, FY 15/16 etc....
FYXX is generally accepted to mean the Company Financial Year ending on (for VML) 31-Mar-20XX.
Best Wishes
Paper Tiger
Must be nearly Bed-Time in New Zealand
Quote:
Originally Posted by
Baa_Baa
We will all be gasping for a breath of fresh air by then, so hopefully they can get their results up within a month or so of end-FY. Thanks for posting the rules though..
It was nearly two months at half year and I would expect similar for full year - few, if any, companies can get their results out in a month. You will just have to sit patiently ;).
Quote:
Originally Posted by
Baa_Baa
...So in this case the capital raised to-date in the FY end Mar'15 is currently around 1/4 of the previous year for a 280%+ (to Nov14) revenue gain.
Or am I still reading this sideways?...
Perhaps it might be best to disconnect the capital raising from the revenue, break that association.
The capital raising(s) are to bring more cash into the business to remain solvent (and legal) which is necessary for VML because in recent times payments have exceeded receipts.
Yes, so far this Financial Year they have raised a lot less than was necessary last year.
Revenue is up because they are winning more business.
Best Wishes
Paper Tiger