Ann: June Shareholder Newsletter, page-20

Hi Muppet yes without a table to show the results it does look like a salad bar
I used the figures Dirk presented though to come to my tentative supposition .
he did say in month of May shipments equaled the entire first quarter .
Yes shipments are not a direct facsimile of cash receipts , but shipments is all the data he gave for me to ascertain sales
The first quarter 4c showed sales of $6.47 M
Based on May also doing $6.47 M I guessed for 3 months April,May , June they could do a total of $13M in receipts
He then reckoned based on forecasts shipments for June that shipments would be triple in this quarter compared to last quarter (not PCP )
$6.471m last quarter * 3 would be $19.4 M
I did not use $19.4M as it is based on forecasted revenue so used the lower above figure of $13M

The other costs that I used seem to have a low beta between quarters and the 40% margin seems almost set in stone .

But yes all still quite opaque the way that financials are presented by AJX one could also use a quadratic equation to model a more exact product given that 4 variables are already presented .