Hi VT
The 4C statement shows CIO with cash receipts for the quarter of only $478K - I don't see that figure on the 1st page of their quarterly.
Also, they state they have a strong cash position but its only $1.425M at the end of the quarter and their cash burn from operations is $1.49M, so they have around a quarter worth of work capital (excluding net receivables obviously).
What am I missing that places a > $20M valuation on them?
Cheers, Sharks
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 29th Jan
Short Term Trading Week Starting: 29th Jan, page-179
-
- There are more pages in this discussion • 172 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)