It was the cash flow 100% for me.
When they were 20c and barley earning anything, I put them in the draw to see them later.
They went to 9c, but I still didn’t buy. Then not long after they were up to 17c, so I looked at their financials and they were getting very handsom. So, I bought. Then the good news just kept coming, so I bought a few more. 600,000 all up. Half of that still exists. The other half is elsewhere.
The asx nprbably needs tighter requirements about cashflow reporting.
Or a select group of auditors to do the auditing.
BIG Filing for Chapter 11 and Ceasing all Operations, page-285
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