It is true that cash does not lie, but it can be lumpy.In my...

It is true that cash does not lie, but it can be lumpy.

In my opinion much of the cash generated in the prior years was positively impacted by the Chinese water department contract, which was the largest contract they have ever won..

Since then the company has not been able to win a contract of that size, but instead have grown the number of smaller contracts that they have on their books from 26 to 80 over the past 12 months,

We also note that from comments that client numbers are ACCELERATING GLOBALLY.

Talk is cheap, but it is a question of who you believe. Personally as a holder I prefer to believe the directors rather than the down rampers and cynics on these threads.

For the genuine shareholders on this platform, I believe their is good reason for optimism.

Cash as well as income must continue to grow for the company to be successful. We already know that cash of $2 Million dollars belonging to the September quarter will be banked in the December quarter.

The company has changed its model from earlier periods.to one now of paying later rather than sooner for services provided. The recurring income model is now preferred resulting in cash being paid later and over a longer period than what would have been the case I suspect with the Water Department Contract. I would expect cash receipts to accumulate progressively in future rather than being paid up front..

We are advised that there are a growing number of new clients coming on board and this growth is accelerating at a faster rate. This should generate more cash.

There were a large number of abnormal expenses incurred in the September quarter, which will not repeat.

For me it us up to the company to perform. All the talk on here will make not a scrap of difference, but I am very hopeful for the future, even though for those who have held for a long time it has been a tough trip.