Very interesting Quarterly. $1.2M receivables is certainly nothing to put your nose up at.
I do agree; more information regarding short term cash would be appreciated. Apologies if I'm reading this wrong, but I'm thinking they will be extending credit from the directors for the short term (Part 8 financing facility of $1M). Pretty sure that $1M is available, not utilised yes??
If they do indeed utilize the director finance; and receivables continues to grow - we could see this skyrocket very quickly. Estimated Q2 outflows same as this Quarter.
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