ZIP 0.36% $2.79 zip co limited..

$2 PARTY, page-8766

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    As a reminder for anybody who believes that ZIP is cashflow positive or profitable:

    ASX-listed companies must provide quarterly activity and cash flow reports for a minimum of eight quarters(under Listing Rules 4.7B and 4.7C)and must satisfy cash flow conditions before being exempted from reporting their quarterlies. They essentially need to be profitable.

    As a general rule, the ASX usually likes to see at least four consecutive quarters of positive net operating cash flows before lifting the requirement for quarterly reports. The reporting requirements are based on the trend of net operating cash flows

 
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