RE:RE:Is that true?Following CEO.CA - I cannot beleive that investors still guessing on the revenue model;
PKK is suely not clear about it and transparency is in default;
Take time to listen the firat few WSR with JJ again; whn PKK was doin 15m revenue;
Supply chain services was suppose to decrease significantly to move to reeal fintech revenue;
Two year later - majority of revenue srill supply chain;
How come in a quarter you do 6m reveue in petroleum sector and next quarter they avoid to talk about it;
Something wrong big time on how they account revenue and until an independant third partie will do a serious DD in China; I beieve what Damian say on CEO;
maybe it is Fake revenue; @damian13ster except to reflect reality, your example would have to have fees of 3-5k for each 100k of facilitated warehousing/shipping/supply chain costs they booked at revenue. Again, margins are low single digits showing that VAST majority of revenues are simply costs charged back to clients. And a rise in revenue due to costs charged back to clients is irrelevant. Only fees matter, and looking at gross margin - they make up minuscule portion of revenues @damian13ster I literally said that cost of services they facilitate (shipping,warehousing, etc) hits their expenses AND revenue. Then fee is added to revenue. So 'normal fintech' will facilitate services and only fee will show up on revenue. For Peak, fee AND cost of services shows up in revenue. That's why ridiculously low margins and that's why revenue growth is irrelevant as long as it is cost of services going up, and not fees. Only fees have some margin.Again, peak pays 200mln for shipping/warehouse, charges that 200mln to the client, and they show 200mln rise in revenue. @damian13ster @inverted180 but entire cost of facilitated service as revenue is disingenuous at best, fraudulent at worst. 0 margin revenue, all in attempt to show growth. It is 'buying' a service to 'sell' it at same price and show increase in revenue. That's why revenue is irrelevant when looking at this questionable accounting. Gross profit and EBITDA is a way to value it and by those metrics it is still overvalued. Revenue growth is irrelevant if the new revenue has and always will have 0 margin, which the third type of revenue indicated in point 4.7 has @damian13ster It is a brilliant business model. Dilute shareholders to raise 200mln. Buy 200mln of goods, book it under 'other expenses'. Sell the 200mln of goods, book it under revenue. Make no money but have revenue rise by 200% - proclaim success and wonder why your share price is down 85% @damian13ster goodwill impairment being reversed? are you high? Again, what are 'other expenses'? Maybe I wasnt really clear in my Ebay analogy, because they facilitate supply chain transactions, so the cost (in terms of oil, etc) is shipping, etc. The entire cost is booked as revenue together with small fee. Cost goes to other expenses, and cost + fee goes to revenue. That's why margins are non existent, and that's why it isnt a fintech. Someone asked previously about what is fintech. Financial services Technology. Peak isnt fintech as they deal more with supply chain and not financial services. And yes - everything points to the fact that they book the entire transaction as revenue as well, not just their fee as facilitator. And that's why gross margins are non existent and revenues look high. Price it at P/E, not P/S because of non existent margins. It still has long way to fall before it reaches fair value, even with 2022 guidance used for P/E instead of actual earnings