pursuing aged receivables … apparently these are quite significant as TSS handed over the invoicing to Noahs/SRO accountants and they screwed it up completely, they are now in the process of rounding it all up through accountants here in Aus so will be realised next period.
Also the predicted outflows are on the very high end and will likely come in way under, as Harvey/Michelle said, under promise over deliver.
I also enquired about how long this idea/tech will take to get to market as it sounds like years, reply was they have months not years, guessing the collaborating with Marat and Damon seems everyone is dialled in.
That's about it, sounds like the aged receivables are a big screw up over 6-9mth period so could be worth a substantial amount of money
Ann: Quarterly Report and Appendix 4C, page-4
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