Goodbody Health Ltd GDBYF

Q1 on sedar

[lscfa]

Expense improvement 

 

	Oct 31	Jul 31	Apr 30
Admin	105,326	68,485	38,039
Amort	90,378	113,242	0
Advertising	530,248	2,483,414	577,615
Bank charges	2,283	2,335	1,059
Consulting	717,504	3,176,641	2,520,965
Listing fees	2,600	3,647	11,422
Transfer agent	8,352	19,567	29,206
Insurance	1,177	30,250	0
Professional fees	244,402	91,343	269,949
Share comp	415,952	1,463,366	0
Rent	0	-2,864	385
Travel	95,245	181,839	72,424
Wages	186,250	40,198	0
	2,399,717	7,671,463	3,521,064

[norandos]

This post has been removed in accordance with Community Policy

[drmaddogs2]

Yes, now that the Licensed plant in Poland, 'Nexus' is essentially finished and production has started, burn rates have dropped.... consulting fees should drop next quarter as the 20 personnel that are on 12 hour shifts for 60 hour work weeks have been trained in all the different parts of the distillation plant technologies. Perhaps the 'burn' will drop to 1 million$ or less per

[lscfa]

the cash burn rate last QTR was ($1,745,082) and that included some 1-time costs for consulting.      

[drmaddogs2]

I expect some consulting to continue, especially as new tech is installed that produces more at a lessor unit cost. One cannot avoid these costs where use of local personnel for labor/technicians. I understand the company, in their 'advertising budgeting has been putting a very large data base together which comprises most retailers north of the equator and sending out a lot of introduction