The pump news before the financials failed......
Here is the real news:
Lovely financials again:
Wondering how the parent company (GLI) stayed in business for so many years. Hanni and Nanni told you the parent company had a positive cash flow and earnings. What is going on here?
Nanni also stated estimated yearly revenue of approx. 5.000.000 for 2016. Now we have 532.000 for the last 6 month? Do you start thinking? The comprehensive loss is about 352.000 with cash ending of 386.000 by the end of November. What is going on here?
The next PP is in the row and coming within 2 or 3 weeks otherwise Company is bankrupt. Learn to read financials. The revenue ratio of approx 1.000.000 for 2016 compared to the market cap of approx. 9.500.000 is overvalued. It is 10 times the revenue. Fair value per share is 0,02, dont forget the big loss and deficit of 7.138.000 for the time company is existing. They also havent any asset. The patents filed are worthless and not approved.
This is from the financials:
„The decrease in revenue from $296,556 in the quarter ended August 31, 2016 to $235,449 in the quarter ended November 30, 2016 is due to a transition period related to the partnership with Toner Plastics . The Company
intends to outsource most of the production of the 3D printing filaments to Toner plastics New operating procedures related to this mode of operation were being established in the quarter which caused some disturbance and inefficiencies in production.Management expects operations to normalize in the next quarter“
I thought you are a world leader in graphene products and selling them? So why has this matter such impact on your revenue?
It just means your graphene is no graphene or you dont produce any graphene products. You are retailing them and the main business is ordinary 3D printing filaments branded with your label.
Game Over.
