Ann: Trading Update and Response to Media Speculation, page-16

Well the proffessor does not understand CCX, that's been clear from the begininng.

They sold the Evans brand for $12.4mil net, which isn't yet on the balance sheet. Their outflows for the rest of the year are only forecast to be about $9 - $10mil, as they have already sunk most of the capital needed for inventory which will of course be turned into cash.

The sale of Evans means they should maintain their current cash position with relative ease, and in fact probably increase it in the back half of this year.

As long as things continue to track according to plan they will generate free cash of about $30mil next financial year.

So at this point, there are no concerns at all. Cash is in fact ahead of current market expectations.