This was the excuse for lower than expected cash receipts in that month.
The opposite must be happening now, with BUD receiving two months of cash payments from some customers.
This really is basic and obvious stuff. Now the $600k EBIT loss will likely flow through to a cash loss in two to three months' times, because this is a reflection of sales that haven't been made to cover the operational costs of the business.
You might be satisfied with $105k of artificially positive cash flow, but in reality, it's a pathetic expectation for a company trying to sell light globes in "over 100 countries" as it should be making millions of dollars in profit every month. And we all know that's never going to happen with BUD.
BUD Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held
