re: Ann: IPP Positive Net Operating Cashflow ...
Definitely an achievement getting to cash flow positive, but is that enough to support a $400m market cap? Particularly with the DOW taking a big hit overnight?
The receipts for Q4 ($5.35m) were actually less than Q3 ($5.8m), which is not ideal, but this could be a timing issue.
Appears they made savings in staff (have they reduced headcount?) with this being down $500k from Q3 to Q4, while they also saved about $100k in working capital and $100k in advertising/marketing.
IPP Price at posting:
$2.31 Sentiment: ST Sell Disclosure: Not Held
