So we where going to be cash flow positive for 2nd qtr. So its clear missed debt payment was not the cause for receivers. It basically confirms to me that the reason they where called in was due to material change to company by board and ceo resigning.
Give me hope lvt wont be sold.
LVT does not expect to have the same level of net operating cash outflows. Based on the
recently executed cost reduction program which was undertaken in collaboration with our
business advisor Vantage Performance Group Pty Ltd, LVT expects net cash operating
inflows of approximately $0.5m for Q2 FY24.
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