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Originally Posted by Floki.onGP
there is clearly an inflection point as to how much sweeps they can give out and remain profitable.
Seems they've passed the inflection point. They're losing money. They lost $4.42 million USD ($AU5.06M) over the first 6 months of FY2020.
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Have you seen the old banner on their homepage saying they've given away $55mm in free sweeps?
Their revenues for FY2018 and FY2019 were $219M USD ($AU309M). But for the first half of FY2020 their revenues fell 37% to $AU50M from $AU80M the previous year.
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Seems to me that they are proud of it and encouraging it no? why else would they have a banner saying such?
Why does a business advertise they give out free samples? Because they want you to buy something. They don't want you to just leech off of them. Why did global make it harder to send a post and why the delays in processing?
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You are part of the group I was referring to when I mentioned new to or lacking understanding of how the industry, business and laws etc work.
I know how to read an annual report. I read them to make stock picks. You've convinced me you know how to make excuses for freeloading.