AEI Valuation Discussion, page-13

fair point to being conservative.

most of your assumptions and projections are based on the figures from the presentation on the 31/3/20. Does the update from the 4C from 30/4/20 change any of these?

for example, $4m revenue and $1m positive cash flow from operations for Q1 reported on 30/4/20. They also indicate $4m of revenue followed in April alone. When you crunch the numbers it looks like FY20 would generate at least $1-2m in cash flow, if not a similar net profit.

I really hope they provide an update for May operations as this would clarify which of our projections had played out over the past month.