RE:RE:RE:RE:RE:RE:Q2 Results- Another disaster...again...I don't invest in rubbish...so not interested!
....just trying to warn gullible people about these type of lifestyle companies...where gullible shareholders are using their lifesavings to maintain management teams' lifestyle...
...quid pro quo: they have received about $200M of cash to date....how much of that was paid on compensation to management to date....? $10M plus /year? That excludes over >$75M that was paid on loss making 'intangible assets'... which in layman terms mean.....overpayment to related parties...
...so removing the noise:$200M was handed over to shareholders...and there are only $35M of assets left....net of debt....and basically worthless intangible values....and then still losing $18M with $19M of revenues these last 6 months is a tell tale of this 'growing business'....
I have lived in Africa mate....but good luck on that view on Bophela.... you will learn a good life lesson soon....
Bottom line: the shares are not worth 20% of its current value at this stage....unviable daydream....flawed buisness strategy....with a CFO who sold out... and a managment team that have barely risk any of their own capital in this....
....so please go ahead and hand over more of your money to this lifestyle company...just ask yourself....WHY...there are so many better opportunities out theer with similiar BETA risk....
....my two cents....
...