Calling it as I see it This was a pump and dump to exit the CR with out burning their bridges because they will be tapping those same investors again this quarter.
Revenue was $2.7m for the quarter, debtors at end of Dec 18 was $2m, receipts were $3.5m
Guidance suggests revenue can only be $4m for Q4
Debtors can only be $1.2m for March qtr. so using the same percentage one would assume $2.2m.
Using the words in the quarterly near breakeven what has spooked me. so looks like they will be needing to eat into that $1.4
great company but looking at another CR soon IMHO and by the looks of today we will see a discount next time
cheers
SE1 Price at posting:
12.0¢ Sentiment: Sell Disclosure: Held
