Ann: Appendix 4C - quarterly, page-11

Your interpretation is based on TNT and Geoff Lord's future predictions and promises (aka "smoke and mirrors"), which TNT never met, by the way!.

My interpretation is based on facts!

Funny, how you keep leaving the following facts out of your posts:
- $5 Million debt out
- "predicted" future run rate, it.e 'hoping to achieve'
- The cash on hand is not $5.4mil! If you're gonna include the conversion from the options, then be fair and include the expected losses
- All this 'cash on hand' is effectively borrowed money that needs to be paid back with interest
- TNT have been promising CF positive for more than a year now. It's always the same outcome...

So how is this a good 4C? Seems disastrous by any measure