ccf business model, page-10

Skimmer they did a cap raising post the release of the annual report there was a lot of financing events if you read the after balance date events and significant changes in affairs section.

Operational cashflow was negative and this didn't even included the purcahse of property plant and equipment so was financed by dilution issuing shares and borrowing convertible notes.

MJS i do understand the difference in the cashflow account. The important one for CCF is the operational cashflow as this was negative. If your business isn't cashflow positive you need to get the cash from somewhere else. THey have got this previously from issuing convertible notes and shares. To be self sustaining as a company operational cashflow needs to be positive. Or else it will need to borrow more money or issue more shares until it does become positive to plant more trees.

Your definition of sustainable seems to be different to mine, for me the company would not require additional equity and be able to pay off debt unless making acquistions or to accelerate growth.

The last couple of appendix 4Cs have been positive but they don't seem to have purchased much land in those quarters hence cash has increased