My basic understanding is ASX listed entities use accrual...

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Mofra

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15/11/18

11:59

Post #: 36515387
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Originally posted by HairyRichard: ↑

I'm sticking around, hardly worth selling at this point for me

Doesn't look great to us retailers but I can't help but feel that the average person, you and I, just don't understand the business
EN1 are putting out announcements, videos and interviews explaining the business.
There has to be a reason that our last capital raise was done at ~80% premium and there must be a reason that AdCel were willing to take shares at ~20c for their business.
I said it already but I really can't help feel that we just don't get it, while the folks with the money do.

My only issue with the company at the moment is the 120 day payment term. That's a little long for me and as far as I understand, we won't see the $10-12m in revs/receipts this quarter because of it. I reckon we'll see around $5-6m in receipts in Dec quarter for invoices sent in Sept quarter, and the $10-12m in receipts in March quarter for the invoices sent in December quarter.

That's my understanding anyway and if that is the case, I would hope EN1 add 'total invoices sent' to their quarterly reports, so we can get a more immediate idea, rather than waiting an entire extra 3 months to find out how we performed 4-6 months ago.

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My basic understanding is ASX listed entities use accrual accounting rather than cash accounting so invoice date rather than settlement of invoicing will be the relevant date for reporting of revenues. I guess we'll have to wait until the last possible day of reporting to find out.

EN1 Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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My basic understanding is ASX listed entities use accrual...

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