QEX - QEX Logistics

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Before anyone buys this 'bargain', do some research on EHH, Eagle Health, suspended on ASX, even if you only read thread on Hot Copper.
A chain of retail stores, that didnt even exist, and a murky world of trading.

Beware, or you b. well may wear the loss.

Dr JPG.

Figures dont lie, but liars may figure.

[winner69]

Out before jumping in .. fortunately

the perils of global trade - Asia - China - i's not dotted t's not crossed risk
in current times - with a small low resourced operator pulling Low margin on Volume
(some stock obviously on loan etc) I'm afraid raised a Red Flag here

Far better picks elsewhere & in other markets ATM

Yes ATM a far better pick

[sb9]

WHAT A LOAD OF CRAP THEY KEEP DISHING OUT!!!

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Its not the year of the cat, but with dog year luck, the cat with the white whiskers will get the blame for the missing milk.

[kiora]

The missing tin of pineapple chunks!
https://www.youtube.com/watch?v=44Ci...&index=54&t=0s

[nztx]

Anyone any wiser on where the $4.3 million disappeared off to ?

[whatsup]

This ann does leave so many questions unanswered one of which is , who is the actual owner of the missing cargo, is it QEX or its icustomers.

If it is the customers is there an obligation for QEX to compensate the customer or is that customers insurance policy ( if it had one ) enough to cover any loss or does QEX have to compensate the customer for its loss ?

[Ace]

The fact that it's singles day and is the biggest sales event - yet QEX tipped off that current inventory levels is enough to service demand is a sign of diminished sales in my view. Infact, in China the sales run for the 11 days from the start of Nov. The reason we had such inventory was 1) Chinese preferred to buy stock already in China and 2) In preparation of Singles day. The fact that half of our inventory went missing yet we can meet demand operating on that...doesn't sound optimistic in my view.

[Ltw]

You make a lot of sense there Ace

[winner69]

This ann does leave so many questions unanswered one of which is , who is the actual owner of the missing cargo, is it QEX or its icustomers.

If it is the customers is there an obligation for QEX to compensate the customer or is that customers insurance policy ( if it had one ) enough to cover any loss or does QEX have to compensate the customer for its loss ?

The way they state accounting impacts you’d have to assume QEX owns the stock that’s gone missing