If $18 Million is achieved then cash receipts are meaningless and a capital raising not necessary.
Can't see it personally. From $2mill revenue a month end of March to $4mil April, $6mill May, $8mill June (to get to your $18mill). Highly unlikely. And if it was the case AJX share price wouldn't be grovelling around in the 50s trying to find buyers. The company said they were on track to being cash neutral by end of June. That requires $3-$4mill a month in revenue.
Q4 cash receipts, page-23
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