ajm ready to move alot higher, page-17

Dazza

Re yr comment......Also shows the demand is there.once the quarterly comes through it will show ajm is making money and able to pay down debt.

I think your comment is true once we see the half year financials (by end Feb). Whilst the quarterly will show cash receipts for the period Oct to Dec, there is the possibility that if the terms of trade are 90 days B/L date, that the receipts will be minimal. Through memory, our first shipment sailed 2nd October. So, unless the LC’s are discounted so as to access the cash, in theory the receipt will only reflect on the 2nd January (falls outside of the quarter). Would therefore also apply to subsequent shipments.

If this were to be the case, the Company could disclose a Revenue number for the quarter in any accompanying narrative and that would suffice.

IMO, we will get a far more comprehensive overview once they release the half year results. Revenue, Receivables, Operating expenses and any further development costs (maybe capitalised). This should provide us with the total picture and then we can put much of the speculation to rest.

Roll on end Feb.

Rokewa