APH 0.00% 14.0¢ australian primary hemp limited

Earnings in Q3 FY20

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    Anyone have any idea if we had an improvement in revenue in the Jan-March quarter that just closed?

    We had $3.5m in the bank at Dec31 with $1.6m worth of unpaid debt. So a net position of $1.9m. We were also predicted to burn about $1m per quarter. So we should have around a $0.9m net position now.

    Now we have a market cap of around $3.6m which puts the company enterprise value at around $2.7m.

    Still seems generous for a company which is laden with debt, has minimal growth and no assets.

    Is it best we search for a new RTO opportunity and start again?
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