So according to that : By February 2011, management forecast...

So according to that :

By February 2011, management forecast ”net operating cash flow to rise 23 per cent” for $70 million in operating cash flow on a full-year basis. It missed by $30 million. In August 2012, TFS conceded a cash flow deficit of $60.5 million. Dividend was cancelled and there were no new institutional sales.

August 2017 we will probably be in the same situation - wonder how we got out of it last time?
Will have a dig when home later tonight.