Member Info for Mer400

Remember techie man this is Cpx not sxx where you got fleeced.

Someone can be invested and still point out all the negatives to their investment that’s true, but what a dismal life they must lead! I’ve put some money in this company but it’s crap and I’m going to lose everything. I much prefer the alternative.

Exactly they’ve continually invested in the company which is the best thing they can do. That’s what companies need to do. First we need to catch up then get ahead we are almost there there then we need to get in front and stay there. Companies who stand still get passed and die. Look at the British car industry, we continued to build **** cars while the rest of the world made better ones.

They made a 2.5 million loss and without one off payments they would have made a 400k loss. Safe to say next year we’ll be in profit.

The reported EBITDA loss for the year to 30 June 2021 was a loss of A$2.5 million (2020: loss of A$4.2 million), which includes the amortisation of share-based payment expenses, Murata project expenses, legal expenses for patent infringement and the adoption of AASB16 in the prior year. When adjusted for these one-off factors, the like for like comparison is an adjusted EBITDA Loss of A$0.4 million (2020: loss of A$1.6 million).

Private in what way did they adjust the losses?

Panesonic probably gave a token payment to use the design so it didn’t look like they were copying someone else’s ideas. The patents were expired.

Profit next year easy!!!

Go on wobble lad.

I must admit I'd much rather see someone being positive than someone whinging on Because they've lost some money and think it's the end of the world and the company is now doomed to fail.

They made the adjustment to show that losses were increased because of one of payments that won’t be there next year. So they made a 400k loss (1.6m last year). 1.2 million better off, if the continue on the same level we’ll make 800k next year. However the order book in July this year was up 160% on July last year.

We’re in a much better position than we were this time last year and we’ll be in an even better position this time next year so how is this bad???

I understand things over the last few years for you guys haven’t gone according to plan but things are heading in the right direction.

What on earth are you on about it’s delivering all the time, we now produce our own part so have a better margin we’re picking up new customers and contracts all the time sales are up order books are full and still plenty to go.

Sarni until you prove your a shareholder your not a shareholder so you don’t need to know. Pretty simple really. it’s not a club it’s a group of people who used their collective shares to ask questions, everyone was given the opportunity to join.

You can’t hold that against the company it’s totally out of their control.

Open, our order book is building all the time this would suggest customers are buying our products and in greater numbers. Rome wasn’t built in a day this is positive news.

Open that can't be helped but they aren't copying anymore and that's the main reason for having a patent. you don't have a patent to win big money in court cases you have a patent because your products are better and you want them protected, they've done their job with ioxus. they've done their job with Maxwell if I'm recalling correctly they no longer manufacture the product that infringes our patent.

I think our up is a pot of gold, orders are up 160% which suggests our products are better and protected, so they have to come to us. The non payment is exactly that doesn’t matter the reason they’ll be contractually obliged to pay so should be pretty straightforward.

They should be much better than last year.