As far as 4C query letters go - I've seen much thinner gaps between cash at bank and anticipated outflows and the ASX hasn't sent a please explain.
NSX, based on their estimated outflows for the next Q had more than two quarters of cash outflows at bank, not accounting for any cash inflows on top of that.
Normally only see a please explain if a coy doesn't have enough cash to cover the next Q estimated outflows.
Curious...
Ann: ISX: iSignthis strategic investment into NSX Limited, page-83
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