Let's get back to some visual aid.
Quarter on quarter reflection on inflows/outflows. Now it's obvious the outflows have clearly outweighed the inflows for a number of quarters (as to be expected from a company transitioning).
But with estimations of outflows for next quarter stated in the latest 4C and an estimation of 7.5mill inflow (based on 2mill per month + receivables of 1.5mill.. not to including additional Pegasus revenue, ect) it finally gives Alexium blue sky into cash positivity.
This is the turning point of the company.
June: Receipts exceeded outflows by $350,000k
July: Cash flow positive
Aug: Tracking very well for another cash positive month
Increased debt facility due 31st Aug with significantly reduced interest rates & improved margins across products will only increased Alexium finiancal position.
Broker reports suggest retail is the major sellers, institutions have been accumulating.
It's a BUY and hold for me. Why sell now when the company is FINALLY turning around.
All IMO
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