How much would have been expected for July anyway? Sept 22 q report saw cash receipts of $3.2m, which is approx $1.07m per month. One year later, I'd expect at least 25% higher, but let's say $1.2m to be conservative. So, $1.8m in July is $0.6m more than what should be expected, however, the company is making out this is in large part late receipts from June quarter. Considering receipts for June quarter were less than $0.8m in total, I wouldn't be reading the July receipts as a major positive.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-75
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