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Bullboard - Stock Discussion Forum Global UAV Technologies Ltd C.UAV

Alternate Symbol(s):  YRLLF

Global UAV Technologies Ltd. is a diversified, vertically integrated drone technology company within the commercial Unmanned Aerial Vehicle (UAV) sector. The Company, through its wholly owned subsidiaries, provides a full range of UAV-based services and products, including production, research and design of professional grade UAV’s, geophysics and remote sensing survey services, and regulatory... see more

CSE:UAV - Post Discussion

Global UAV Technologies Ltd > Spending went up/ We all get that !!!!!
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Post by showmetheway on Oct 11, 2018 12:58pm

Spending went up/ We all get that !!!!!

I'm a small business owner. To get my company off the ground floor I had to attend trade shows, entertain clients, advertise, travel etc. I had to do this with a small business loan. I even had to go back to the trough a second time because costs went up. Now I have a viable business, debt free and prospering. My point is how is Global UAV supposed to get their name out if they don't promote on the road? It's not free. If they stayed behind a desk and didn't have any travel expenses the same boo birds slamming the spending would be calling for management to get off their a_ _es and start promoting and drumming up clients. There's no winning with the boo birds longs. You can say white and they will always say black. Unfortunately this day and age you have to spend money to make money.
Comment by greenrush on Oct 11, 2018 1:34pm
It’s the scale of the spending increases as was pointed out to me on CEO.com.  I confirmed them in the financials Q3/2017 vs Q3/2018 -wages up 1800% from 10k to 180k -subcontractor fees went from 0 - 320k -consulting fees went up over 100% to 225k - travel went from 27k - 240k  -Auto expenses 0 - 15k -all other expenses went up exponentially as well  However, revenue Is only up 20%. ...more  
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