Lets just recap on a few business basics. To make a profit you...

Lets just recap on a few business basics. To make a profit you have to reduce costs, increase margins, increase revenue. In the past qtr we have reduced costs $3.5M, increased margins by 88%, maintained revenue at 1H levels and theyre increasing. All while reducing net liabilitiles. So the plan to get the company in shape worked very very well.

The 4C is an abberation of a cash statement to begin with and those numbers are already a month old. They reflect things we did back in March and without the debtors and creditors in the statement only tell part of the story.

Next qtr if we increase revenue by closing more deals with higher gross margins using the same cost-base to deliver then the 4C will go from strength to strength.

Oh, and it isnt a 50 person business. There are only 14 staff which is the right size for our revenue and margin vs the 26 we had in January.