You can not tell Jatcorp lost last quarter from a cash flow report, only that they were cash flow negative.
Relating this to an equity position, either using only tangible assets or including intangables is impossible.
As for ECG they refuse to go to other markets like Jatcorp is doing in Australia and other countries. And I don't see them importing as well as exporting like Jatcorp is doing now.
GLTAH DYOR
Ann: Monthly Activities/Appendix 4C Cash Flow Report, page-54
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