Thanks Convulsing. The new contracts are very promising. The...

Thanks Convulsing. The new contracts are very promising.

The point I am making is at the current level of revenue of $43m pa. they have $24m tied up in money owed to them and stock, say 50 cents for every dollar of revenue generated. If revenue expands as planned to $100m pa, and IF, cash management remains as it is today, money owed to them by customers would grow to around $35m and this would need to be financed by shareholders and/or debt and some from suppliers - if they are moving to make more in house cashflow gets even tougher when wages need to be paid promptly rather than being able to drag out supplier payments. How will this be financed?

I am interested in any comments as to why the capital of this business seems so poorly managed given they sell to Government customers. Why are their customers taking so long to pay?