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Ann: Appendix 4C - Quarterly Cashflow with commentary, page-8

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31/01/19

06:33

Post #: 37273024
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Originally posted by DreadPirateRoberts: ↑

I was happy with the report. 40% increase in sales is nothing to sneeze at. I’m surprised, as usual, that the market has not been responding more positively.

As for getting to cash flow positive, don’t forget that as they add more sales channels and move more product, their hardware costs will go up as well. It’ll seem like they are chasing cash flow positive for a while. But they have a decent cash balance and more on the way if the options are exerxised.

I think the expansion into Europe is very promising.

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I think the mention of competitors disappearing shows how difficult it is as a small player to make money in this sector. It was meant to be a positive showing they are surviving but I think they should have left that out of the update. Just my opinion.

SCT Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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