Staff cost blowout from $749k to over $1.2m in a quarter?
4% cash receipt growth is abysmal, reliant on funds back to balance sheet from previous loans, would have been $800k left otherwise, now need to tightrope the $4.8m between first loss new loans and survival
Not good will require a CR and/ or stop on lending, either are no good
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-12
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