Hi brydos. you are an accountant. did you conclude that the company is having to pre-pay its NBN charges the month before incursion of actual costs?
"$0.57m in trade receivables representing the early payment of an off-net telecommunications wholesale account bill"
translated, this means the the relationship is so bad with the supplier, probably the bills havent been paid on time, the supplier is now demanding cash paid up front, in case pentanet goes into bankruptcy or so.
youre an accountant. Does this prepayment cause a reduction in the working capital? And in turn reduce the cash balance of the company? And in turn make the Directors job harder to sign off on cash flow 12 month forecast that the company is solvent? And in turn increase the accelerate the next financing event, or insolvency? But hey, you are an accountant.
5GG Price at posting:
5.5¢ Sentiment: Sell Disclosure: Not Held
