FFX 0.00% 20.0¢ firefinch limited

Ann: Recapitalisation package, page-147

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  1. 8,309 Posts.
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    The big trouble with the current ASX reporting structure is that the appendix 5B of each quarterly is suppose to give you an idea on how much cash they have available.

    Its FLAW is that it is only cash flow out and does not show future liabilities, as in services already received but not paid for. Accounts payable.

    FFX has been slowly building up its accounts payable for the past 18 months.

    The June half year accounts are going to be very interesting and possibly depressing to review IMO.
 
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