looks ok to me, page-6

Sorry guys I'm another "no shares held" poster but ...

You say that AAM has cash and is cashflow positive. Hmmm just a proviso:

In the cash statement for the June quarter the ending cash balance was stated as $536,000. That is, in the June quarterly the cash balance as at 30 June was given as $536,000.

But in the cash statement for the September quarter the beginning cash balance was stated as $439,000. That is, in the September quarterly the cash balance as at 30 June was given as $439,000.

The audited financial statements for FY10 states the cash balance as at 30 June as being $439,303. That is the audited statements confirm that the June quarter cash statement overstated the 30 June cash balance by about $97k, that is by about 22%.

I am not sure how the market would have reacted back at the end of July if it was widely known that AAM had less than half a million dollars of cash left at the end of June. I also have no idea how AAM could think it had an extra $97k than it actually did (surely a check of their bank accounts balances would have given them a reasonable idea of their cash balance (this ain't accrural accounting folks?)).

I am also not aware of the company alerting the market to this apparent mis-statement or of it providing an explanation of how this could have occured (?).

If I have got this all wrong please tell me how I've got it wrong. But if AAM does indeed have a positive cashflow then it would logically be in a far better position now than where it was on 30 September.