See the App C:
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 2,039 2,375 5.2 Call deposits - 1,352 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)* 2,039 3,727 *Subsequent to the end of the quarter, the Company raised $8m by way of share placement
With the increasing revenue flow as shown this quarter and some (hopefully) big deals yet to come with DB Schenker and UPS , the $8m should ensure there is sufficient cash around.
IMHO everything about this company looks like long term growth. I note in particular the measured tone of the update, the executive changes (including the career oriented COO), and the presence on the share register of long term investors like TEK.
Anyway, good luck to everyone.
YOJ Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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