It's just been posted on the Winepros site, total income from Customers was $13,000, net operational loss for the quarter $87,000, cash on hand $2,149,000 after raising $2 million earlier in the year.
Notice the retail wine sales partner has changed too...
There doesn't appear to be any sign of a plan to do things that might improve the cash flow (there wasn't in the prospectus for the capital raising either), I wonder why people chipped in the $2m and if they will just let it fade away, maybe there is a tax dodge here somewhere?
Winepros Quarterly Report to 30/09/2003
With results like that there is no way they can keep going, in fact I am surprised they didn't shut up shop long ago. I always maintained that having the most current TN notes available for free whilst charging to see the older ones was arse about.
If they close it will be a shame at it is a great resource (when it was kept up to date).
As to getting paid $100K there are expenses for the directors and they would have to pay some staff costs as well as Halliday getting a $ or 2 for his tasting notes royalty.
If they close it will be a shame at it is a great resource (when it was kept up to date).
As to getting paid $100K there are expenses for the directors and they would have to pay some staff costs as well as Halliday getting a $ or 2 for his tasting notes royalty.
Brian,
This has been around for a while, the ASX website is now showing the quarterly results to 31/12/03, postied on 30/1/04 Link to Winepros Announcmenbts on ASX
Receipts for the Q2 were $1,000 with 10K staff costs down from 36K previous quarter on receipts of $13K. Operational loss is $83,000 taking it to a loss of $170,000 YTD. Net Cash Flow was improved by a $230K sale of investments, and their Cash remains at the end of the quarter at $2241K, up from $2094K in the previous quarter.
This has been around for a while, the ASX website is now showing the quarterly results to 31/12/03, postied on 30/1/04 Link to Winepros Announcmenbts on ASX
Receipts for the Q2 were $1,000 with 10K staff costs down from 36K previous quarter on receipts of $13K. Operational loss is $83,000 taking it to a loss of $170,000 YTD. Net Cash Flow was improved by a $230K sale of investments, and their Cash remains at the end of the quarter at $2241K, up from $2094K in the previous quarter.
Murray Almond
Thanks Murray, I guess it's telling that the previous report was only posted on Winepros on Feb 20 2004, why didn't they post the more recent one too I wonder.
Looks like they are just in skeleton crew mode, no income other than sale of assets, can't be too many of those left.
Looks like they are just in skeleton crew mode, no income other than sale of assets, can't be too many of those left.
Cheers
Brian
Life's too short to drink white wine and red wine is better for you too! :-)
Brian
Life's too short to drink white wine and red wine is better for you too! :-)