I am going to express their position in a summarised form which...

I am going to express their position in a summarised form which maybe easier to understand:

For the quarter ended 30 September 2022

Cash inflow from borrowing. $6,937,576
Cash spent on repayment of loan
and leases etc. ($5,405,919)


Net gain from borrowings in cash. $1,531,657 Loosely interpreted as debt increase


Cash Reduction for the quarter $852,972. Opening Cash 6,458,108
Closing Cash 5,605,136
Total Cash Used. $2,384,629

Cash was used on

Cash used in operations. $1,362,508 Used means no cash was made net

Cash used in Investments. $ 997,369 Basically adjustment for sale and legal fees. Hardly Investment.

Total spent $2,359,877

Difference. $24,752 Adjustment for FOREX as per cash flow statement (Forex loss)


Hopefully this summarises HIL position more clearly and is easier to understand and cannot be interpreted as being cash flow positive for the quarter. It's amazing how the use of words can affect the share price. Not an unusual practice for HIL.
Have a nice day and don't be bullied, remember these are their numbers not mine.