Auscrete Corporation (ASCK)

[piker86]

The press release says RB capital has been funding Auscrete's expansion and operation for about 3 years. Auscrete has made the materials for one small house, $13k revenue, over the last 3 years.
When they had a blog, they put up pictures of their empty lot, their equipment, their pickup truck, but after their first home was built, no pictures. That was a year ago. Since then, no revenue, and no new contracts signed, so, that first home did not go well.

Their press releases frequently mention how many inquiries they get about making materials for new homes. But they never announce new contracts. Here is how those inquiries go:

"Hello, yes I'm interested in your auscrete product, for the construction of some new homes"

"Of course, what would like to know?"

"Have you built any homes with your auscrete product yet?"

"Yes, there was one home built last year"

"Can I see it?"

"No."

"Why can't I see it? Do you have any pictures at least?"

"That is not public information"

"OK... have you built any other homes or buildings, since that one home last year?"

"No"

"So just the one home. That I can't see, that you have no pictures of"

"Thats right"

"Good bye"