With the RADI being approved IBoA will now be its own separate entity raising its own funds, earning its own revenue and bearing its own costs. As a consequence I think NOV will require closer to 11-12m in revenue to achieve a cash flow break even status assuming they can maintain the other costs (non-banking) as present. If they can do this then we could be looking at break even status in the new year.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-22
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Mkt cap ! $18.85M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 34198 | 5.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 40000 | 1 |
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