True that cash is king but liabilities matter too! SO while total current assets went up by 1.5mil, so did current liabilities. net assets have gone down. this company runs of the smell of a an oily rag. Quite simply their margins are too fine. they need to be bought out and have their ASX compliance and overhead costs stripped out. Could easily make a few million EBITDA per year.
True that cash is king but liabilities matter too! SO while...
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