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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-35

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31/01/24

12:47

Post #: 72157951
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Originally posted by spider5: ↑

Remember Thongo that the next quarter may well be skewed by that $2m of revenue which they say they are remonstrating with the clients. I do find that snippet of information a bit uncomfortable. Is it likely to become a bad debt? Are they likely to lose a couple of clients who represent $2m revenue a quarter? If that $2m was to be an impairment then I would immediately point out that their costs % will certainly rise next quarter and their likelihood of becoming cashflow positive is reduced considerably. I hope it is only a glitch. I am not invested heavily here but I kick myself for not halving my holding during the $1+ period. IMO we will get back there albeit nowhere near as quickly. This ship has turned around and is making headway.

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I wouldn't think it's likely a bad debt, they have used wording like this in the past when it suits. the report would look terrible without this info thrown in. what's the bet it gets paid this qtr and the cash receipts look great next 4C and the word "revenue" is not mentioned in the report, haha

BET Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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