I think we may all have missed the fact that revenue for the December quarter was only $302,000 . This was supposed to be a very good qtr. in that the Thai deal was starting to roll out ,& dollars would roll in. If this financial year is going to be anywhere near the $5 million, then the Dec.qtr should have been more like $1.5million.
Perhaps that revenue has happened since Jan 1st. which is why the company is not trading "insolvent!" We really don't know as at right now how much they have, so it could be building up.
I can't believe that if the Thai deal is going to be worth all the tens of millions they talk about,then mikoh can only bring in $300k of sales for a qtr. where it is supposed to be moving along nicely.
Could there be a problem? Let's hope not.
PS With all the uncertainty, it would be a good idea if we heard from the founder, Peter Atherton. In fact we hear so little from him,that i wonder if he is still with us. Maybe the board could get him to give us an update
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