They made a cash profit of 22 including the unlikely repeatable government grant of 33. ... Confusion arises when they filled in line 8.5 Estimated quarters of funding available (Item 8.4 divided by Item 8.1). That is only done if there is a cash loss in the quarter. If the company is cash positive, then the estimated quarters of funding available are infinitive (and not 2575). Senseless to fill this in.
... A little surprising that the company or directors overlooked that when proof reading before lodging with ASX. ... Other companies have posted corrections in cases like this.
I am posting this a good fortnight after the publishing of the 4c, and would have expected a stronger move upwards. ... But, 1.165 is nothing to be sneezed at. ... and perhaps not too late for entry ... have to do more homework ...
Ann: Quarterly Report & Appendix 4C Webinar Notice, page-19
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