Hi Davidob,
You voiced my exact thought in followup. I could state my business was CF+ve today by pushing bills into tomorrow, but its misleading to do so.
Can anyone confirm the rules (if any) relating to timespan for ASX listed companies making announcements referring to profitability or cashflow? My text only refs reporting guidlines, qtrlys/hlf yr annual etc and not press releases/market statements.
I would like NWT to be forced if necessary to clarify those statements, because clarity and transparency should help sentiment for the stock, provided the answer is positive. If you graph results for revenue and costs the trend is good but it needs to be clearer when/if the corner is turned from cash burn to generating cash.
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