Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-35

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Judithgrey

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30/04/24

15:04

Post #: 73586080
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Originally posted by lightbulbnz: ↑

9 months is clearly not indicative of how long cash will last. surely everyone knows that if you read all the financial statements in the quarterly

it's not a joke / con. they had no option. the form required that the number to go in that box has to be equal to cash at end of quarter divided by net cash outgo in the previous quarter - even if it results in a stupid number

I suspect you know that but just in case:

- during last quarter ADN received a refund of $1.55m from the ATO, which had the effect of reducing the net outflow over the last quarter. this won't be repeated. it had the effect of artificially increasing the expected period (according to the required formula ) that the cash will last
- cash outflow will increase next quarter and beyond to purchase equipment

yes more funding is required. and again everyone knows that.

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You
ato 1.5 mil is that the business model going forward stem
your not going down that road pmsl

William said naught wrong …. What’s the problem
it’s going to new lows on his words opposite to yours

if it does go two years that’s in shut down and drain the rest in wages before stepping aside for new ceo
Why not as you pointed out today they took 92 million left 8 thanks for sharing stem
stem if this so good why bounce from acc to acc trying to get traction…. 30 likes as sign ..

pmsl … that acc is one of your worst

Last edited by Judithgrey: 30/04/24

ADN Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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