Agree that there is still a large deficiency but the December numbers factor in a potential $2m for repayment on a loan that is only payable out of profits after interest from the Engin business acquisition. excluding this repayment the current asset - liability difference has reduced during the period. It will take time and can only improve by producing profits to generate the cash. We dont need another share raising at this point. If the Engin business produces $2.7m of EBITDA to afford interest and principal as specified then the profits from the other segments can go to continue to improve the Balance Sheet. Plenty of room for improvement but the signs of the capacity to achieve this are there.
EFT Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
