Agreed - It looks as though 4.2m RMB received for this quarter (of the total 7.9m) was from 4.2m trade receivables which were due in the last quarter and have been received this quarter as per the ASX query letter following the last 4C.
7.9m minus the 4.2m = 3.7m received this quarter from actual receipts in the quarter.
Bearing in mind, FTC has just secured a few more banks and their fee's have increased 50% so their revenue is bound to increase soon.
Company is cash poor at the moment though so people probably anticipating a CR to get them through.
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