Here you go
@Mattminton79I've updated it to include the latest quarter. The figures are taken straight from the company's own cashflow statements. It compares line 1.1
receipts from customers with lines 1.2(a) to (f)
payments for... etc. No surprises that the company
love to post graphs of their receipts, but never their expenses. The story looks a lot different when you include both:
The trend over FY23 has actually been going the right way - cash receipts increasing, total operating expenses decreasing - except it has been moving far too slowly for management's claim they would be CF+ by June to ever be plausible. Hence I was amazed that people like
@slasha were lapping this CF+ talk up on Twitter when it was clear to anybody with a calculator and a spreadsheet that there was no way this was going to happen. If you're going to invest hundreds of thousands of dollars in a company one would think you'd actually track the numbers, or at the very least, pay attention to the people who do...
When Floate doubled down on his CF+ claims on that 3 May webinar I genuinely started to wonder if he actually grasped what the concept even was. If you didn't catch it, he was asked what he was doing to get SPXO options in the money and
his response suggested he actually thought they would be CF+ before the options expired! I think the biggest issue here is not that they 'missed' CF+ by June, but more that the guy running the company actually thought it was even possible:
This is still one of the most entertaining stonks to follow.
(20min delay)