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20/03/20
23:06
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Originally posted by jlo2012:
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$17.7m at 31 Dec Somewhere between $2.3m - $3.5m of that is not actually company money but security deposits. $4.2m gone on the into the NSX "investment". Left with about $10mil at bank and dropping now it would appear IMO. EBIT positive in Jan/Feb - whatever that means. Is that $1 positive each month or $1m a month or something else. When you say something non specific - it can mean anything. Also, is that EBIT positive or 'Operational EBIT' positive with all those convenient exclusions? See IMO, under the ISX definition of EBIT 'Operational' positive - you can be EBIT positive and cashflow negative all at the same time. Either way, pretty clear cashflow has turned negative now in March. No chance IMO of raising any money whilst suspended and in the current climate. I'll look to post my deep dive into ISX merchants soon. Bit of an eye opener. Has anyone found a merchant that actually uses the amazing patented Paydentity split payments?
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The Security deposits, Prepayment, Card scheme collateral at $3.4m is under Other Assets, page 58 of Annual Report. Ie the $17.7m is Co's own cash. That's my interpretation.