These are covered the terms of the agreement with the purchaser assuming $5m in liabilities and covering other stranded costs.
Dont forget they have another $2m in term deposits to cover bank guarantees that may no longer be needed. This is not included in their 'cash' balance. Plus another 3 months profit since last report.
After paying out the dividend (4.3c grossed up) they should still have net cash of $18m or almost 17cps.
Existing businesses are clearly worth something. Their billing platform is leased to vodaphone for 3 years for starters. Amazing value at current price.
tech co. profits & growth too good to be true?, page-20
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