AEB 0.00% $2.57 affinity energy and health limited

After reading the investor presentation I came acoss some...

  1. 37 Posts.
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    After reading the investor presentation I came acoss some numbers.

    They have $1.4m in debt.
    They have $2m in the bank.

    And at the end of the March quarter they had $1.3m in the bank.

    This means during the June quarter they paid $2m worth of expenses and increased the cash by $0.7m. This means they have $2.7m worth of activity. If you deduct $1m drawn from Magna financier this leaves us with $1.7m. If you further deduct $0.5m for tax creidt this leaves us with $1.2m business activity which must have arose from product sales.

    If these numbers are true I am looking forward to the September quarter to be cash positive with gigantic growth opportunities within all divisions.

    Emil
 
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Currently unlisted public company.

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