Considering last quarter was suppose to be much better than the previous quarter, the cash receipts was a significant miss. Failure to collect money on time is another miss. That would worry me even more. As for January sales, that looks like a big initial sale to a customer, maybe they might take a few months to use product, so I take the comment with a grain of salt, further update in a months time will confirm if the January sales are the norm, or a exordinary event.
ajx blew up another 1.6m that needs to be paid back, that's alot of money to pay back and pay interest on. Definitely a cap raise coming soon. Got the excuse they need it for working capital if sales are like jan
AJX Price at posting:
13.0¢ Sentiment: Sell Disclosure: Not Held
