i think TP is presenting a forward PE based on an assumption that all 3 classes of Performance shares are claimed. the last quarter report not being cash positive is irrelevant with the following report revenue juiced up to represent 30% QoQ growth. basically what is being laid down is a forward PE based share price if all 3 classes are realised.
just on the subject of not being cash positive. although the report as a whole isn't cash positive the final month or weeks of march would definitely have been cash positive for the whole quarter to be 237K negative. you can see in another thread my calculations as to operational cash flow.
that was march. we are now in may so cash positive operation is a given.
mach2
ISX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
