Ok this is an issue I didn’t fully grasp. I have gone back to the 4C and it is more worrying than I first thought. Why have they borrowed over $4m @ bit over 8% if they have $13m in cash? Why pay $140k in interest when you don’t have to? BTW There is also a $690k tax refund which makes the cash used in operating activities lower.
why is there zero in 2.2(e) investments in IP. Makes no sense. Surely the spent money on their products??
Is this debt mixed up in the DW? I am obviously missing something so hopefully someone can set me straight. Otherwise there is only $9m net cash with a $6m per quarter burn.
appreciate some help to understand.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-202
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