Well I think the $2.5 million remediation cost would have put a huge dent in cash flow. Then they are investing in making those acquisition companies provide a better offer, that cost money. Then the EBITDA is pretty small so $3.2 million wont cover all of that news, so yes I think they may be cash flow negative for the half year.
Upon reflection I want some answers - I want to understand how all of this wasnt known on 23 November- nothing much happens in December. I think its time to change financial controllers. This is just not good enough in my opinion.
Well I think the $2.5 million remediation cost would have put a...
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