i accept that 123, however i am erring on the side of SEN NOT delivering as they have suggested and failure to deliver a profit will again draw down on cash.
and i am making assumptions based on expenses being the same for FY 2008 as FY 2007
SEN do NOT have enough cash on hand to maintain an adequate facility for any new product development etc.
Since SEN have not shown any capability in the past to be able to deliver,thinking they will in this instance is dangerous....imo
as i said i would like to see more detail on risks going forward and would like to see some definitive signs of revenue growth
SEN for its part has stated CLEARLY product revenue growth is not expected until next fiscal year.
full year report analysis, page-7
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