RE:Mgt Messing up on release of latest financialsI try to be considerate when it comes to very early stage companies like UAV, but I do think they could make some improvements now...
- Don't do a halt for a normal earnings NR
- Explanation of Pioneeer Impairment is required. Why write off basically the whole thing at this time? This was probably required by the auditor, but why was it necessary?
- More detail on consulatants fees and how much was one time
- Split of revenue between operating divisions, although I do acknowledge that they did provide some info in the NR
- No explanation or even mention of cost of sales was a definite error. It seems to me that this is the sort of thing the auditor catches, so it got reported at year end and by default made it into Q4. But who really knows if I'm correct. If I am, it would be nice to know how much should be apportioned to each quarter.
To be at least a little kind, these guys have been operating on a shoestring budget, so I do understand that it's not easy for them at this stage.
Regardless, they'll have to do better at some point.
I own a lot more of Reliq (RHT), and its shareholder communications are the best I've ever seen.