Hi folks, the trading update may have been provided to prevent the ASX questioning their solvency over the next 6 months. Every company must have sufficient cash to fund activities for two quarters based on the most recent App 4C. I hope for holder's sake that cash flow will stay slightly ahead as I would doubt any sophs or current holders would throw more money at her.
INT should stay alive to at least to the end of 2011 if all goes as intended but growth opportunities look now very unlikely as the cost of the company's internal business activites along with cost of goods sold will only just make it solvent if all remains equal - unless they throw in the towel. IMO.
Sad to see shareholder wealth destroyed with any company as if the next App 4C shows negative operating cash flows, the ASX may suspend the company. I am guessing now at 0.003 with close to 2.5b shares on offer, for most holders, it's not going to matter either way. $7.4m market cap @ 0.003 still looks touch and go for me for a trade. GL.
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