Me Today MEE

[Sideshow Bob]

http://nzx-prod-s7fsd7f98s.s3-websit...099/404024.pdf

The annual report in all its colourful goriness.....

[silverblizzard888]

I'm actually growing a liking for the products with my partner and her family using them on a fairly regular basis, too bad the financials look like the wrong end of a donkey with a capital raise likely in the coming months.

[Rawz]

Holy smokes those financials are terrible. Big capital raise needed

[whatsup]

Holy smokes those financials are terrible. Big capital raise needed

So much for the back door listing , a total disaster imho, from what I have heard the owners were trying for a while to off load the business for a while but there were no takers, now we all know why.
So where to from here, a consolidation followed by a C R, now who will go for that ?

[kiwikeith]

Holy smokes those financials are terrible. Big capital raise needed

Reminds me of Wellington Drive. Financials look wobbly but blue sky just around the corner.

[Sideshow Bob]

Reminds me of Wellington Drive. Financials look wobbly but blue sky just around the corner.

I can't see blue sky....

What is their USP? Plenty of other companies selling supplements, skincare, manuka honey with deeper, bigger budgets, even within NZ.

No IP or technology around any of their products. Just a brand that means nothing.

[whatsup]

Reminds me of Wellington Drive. Financials look wobbly but blue sky just around the corner.

$913, k cash do I hear the banks knocking ?

[silu]

What a joke this company is. I only put in $1.5k in as part of my speculative portfolio but it still hurts nonetheless. Next time I go to the casino. At least I have some fun while losing money.

[Sideshow Bob]

Not sounding good boys & girls.....

https://www.nzx.com/announcements/420289

Me Today Limited (NZX: MEE) today provides the following update in respect to trading.
The King Honey business operates the BEE+ Brand in the China Market in conjunction with its customer. King Honey owns 15% of the brand and the customer owns 85%.
The customer has advised that sales for the remainder of the FY24 financial year are likely to be softer than expected. As a result, the group expects sales to that customer to be lower in the FY24 financial year than they were in FY23.
The group are in discussions with lenders the Bank of New Zealand and the Jarvis Trust in respect to the impact on cashflow of the lower than anticipated sales.
As part of these discussions the group will continue with the strategy of reviewing its cost base. It is also still considering the sale of assets or the raising of new capital.
The Me Today branded Supplement, Skincare and Manuka Honey sales are on track to internal forecasts with one quarter of the FY24 financial year complete.
For further information, please contact:
Grant Baker

[Rawz]

Might go into liquidation if they cant raise the capital to keep them a float