Ann: Investor India MoD presentation, page-12

Thanks Up2Date

My post on cashflow for the quarter is looking more likely the longer this quarter goes without any any announcement regarding debt facilities and/or cap raise..  Speculation of cash being an issue, including my own in recent days, may be worth reconsidering now that we are more than half way through the quarter.

In the last 4c it said ....Excluding cash inflows from customer payments, and other sources, gross operating cash outflows are forecast around $8.7m for next quarter, a $0.4m reduction compared to the quarter just ended

and it included a phrase that could have been overlooked.

The business has restructured its management team to reduce overhead, right size our cost base, and manage our reduced working capital position.


Lets hope that the company has managed its reduced working capital position. If there is no announcement regarding a debt facility or cap raise, there is only one conclusion that is left, that they have managed their working capital position and a hope that cash actually increases over the quarter.

The next 4c will be the most anticipated in Ava's short life.