If we assume that turnover has increase by 108% then:
if last quarter receipts were $566k and we times that by 108% - this is $611k - or another way of looking at it is $566k + 8% which is 45 - total still the same $611k ....
this is over 76 days out of the 90 for the quarter.
so adjusted realistically 8% / 76 x 90 = 9.47% for the whole quarter
but....
after re-reading the announcement -the 108% is in reference to the realised days - which does not neccessarily translate to 8% increase in turnover
Chris has been very cagy with turnover predictions - simply saying 'Gross Revenue for the March 2017 Quarter, as of 17 March, exceeds that achieved in the full December 2016 Quarter'.
this could mean anything between 1% and 100%
but the way Chris has phrased it; to me would imply that its on the low side rather than the high side - otherwise why not give us an actual % like the rest of the report? if it were good news he wouldn't be so vague.
just my thought - would love to be wrong.... but i wouldnt want any investors caught up with the idea that we will be CF+ this quarter because i still think we are a way off.
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