Thanks, Holla, I will.
I've read the report word for word, but unfortunately my knowledge of the English language does not extend to understanding much. The jargon is overwhelming. I leave gurus like Neil59 to enlighten us on what it means.
What the report doesn't give us (and it's not required to do so) is the trade receivables versus trade payables figure. This was severely negative in the annual report.
Leaving that aside, they might optimistically have $900K in cash as we speak.
Maybe one of their partners will give them a cash advance. Maybe significant revenues have started to flow.
Failing that, the bikkies in the tin will be very few by Christmas.
Ann: Quarterly Activities and Cashflow Report, page-4
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