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Ann: Scout March Sales Update, page-4

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DreadPirateRoberts

432 Posts.

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05/04/18

13:28

Post #: 32242579
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Originally posted by bruutz82 ↑

Actually it isn't really - If you look back at Scouts previous quarters (specifically September Q) Scout did $440k in receipts - so as compared to 6 months ago the $409k they made this quarter means Scout is going backwards in receipts or at best sideways whilst burning generally more cash than expected (between $1.5m to 2.5m per Q). This means Scout is practically out of money as last Q they only had $1.8m in the bank and they are now one Q later and burning around that amount per Q.

So it appears Scout needs another cap raise.

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Nah mate you’ve got that wrong. They had just listed last August so the sept Q wasn’t a full quarter. Can’t use that for comparison.

SCT Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Scout March Sales Update, page-4

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