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Ann: Annual Report to Shareholders-STL.AX, page-9

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Zman28

156 Posts.

30/09/16

22:43

Post #: 19553354
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Originally posted by ttnblue ↑

Hi Zman

Very detailed report. Hoping you could help with a couple of questions:

Cast as bank $2.6M - $2.3M (vendor payment) + $150K (from private placement) = $450K left in the bank.

Are we looking at a cap raise or another private placement if Q1 is not cash flow positive?

I notice there is "prepaid revenue $548,976" in the accounts payable. What was the nature of this prepaid revenue?

Thanks

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The prepaid revenue represents the cumulative $2.50 fees we collect every time someone uses one of our ATMs but this revenue is collected by Indue Limited in an account on our behalf and is paid to us on the second business day after EOM. I don't think I answered that in my previous reply... And yes that revenue we now collect on a monthly basis used to be the revenue of this business for a full year!

STL Price at posting: 3.3¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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