Dog, don't forget the difference between cash and accrual. I haven't had a chance to look at the quarterly yet (been busy playing with some debits and credits in the office) but $10m of cash received as up fronts is unlikely to be immediately recognised as income in the profit and loss..... certainly helps keeps the lights on in the factory and confirms the cash flow neutral this year ie no more cap raising necessary.
Sad news for the shorts!
Looking forward to the next ace.
UNS Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held
