AJX 0.00% 0.8¢ alexium international group limited

Ann: Appendix 4C - quarterly, page-212

  1. 10,917 Posts.
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    A salesman will always tell you what you want to hear they will throw big sales numbers at you when in reality the company is a long way off getting the sale.Signed purchase orders is needed not total numbers or commitments.Looking through the reports one minute they talk about signed orders then they talk about commitments.Someone could give you a verbal commitment and you won't see the signed purchase order for 2 years.The operating negative cashflow on AJX has tripled in the last year as follows.

    DEC14 ($937k)
    MAR15 ($1104k)
    JUN15 ($1253k)
    SEPT15 ($2631k)
    DEC15 ($2788k)
 
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