Ann: Half Year Accounts, page-4

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robbo24

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12/03/18

11:49

Post #: 31685143
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Originally posted by Names little ↑

Hi All, interesting figure

"
Accumulated losses
(100,530,293) "

I am not very good at accounting, does this mean people who have invested in MNS or whatever other names in the past have lost in total $100 million odd dollars?

If so, when do we expect it will ever turn a profit as seems there is a whole heap of expenditure still to come to get Nachu going and paying for all the giga factories plus all the overheads such as salaries, overseas travel, Director benefits etc

Has the company given any guidance on when it will be profitable or is that still too far into the future?

Also, what has really been achieved with the $100 million that looks like a loss?

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Hi Names Little,

What's probably more interesting is the Contributed Equity part of that equation: $102,651,762 thrown into MNS coffers, yet here we are still flapping around with letters of intent and still haven't funded any capex or cashflow generating operations yet.

MNS Price at posting: 47.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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Ann: Half Year Accounts, page-4

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