in the Half Yearly was shown as $4.524m
This had a note which stated generally this dealt with accounts on 30 to 90 day cycles.
that is an awful lot of money on the receivable side of the balance sheet.
be interesting to see if any of this amount was received in the March Quarter.
IF they even received 50% of the monies.....QTK would show a handsome positive cash flow for the March quarter.
The base station delay might impact on thisn umber....so its one number to pay close attention to in the upcoming quarterly.
In fact whether QTK now have to issue a 4C report is now up for debate.
There are certain criteria to be met for not having to issue a 4C...i think QTK now meets this criteria and as such will NOT have to issue a 4C for the March quarter.
QTK
quiktrak networks limited
