Further to the excerpt published above from the report the...

Further to the excerpt published above from the report the "$6.6m of cash outflows' comment in ridiculous as, when you look at his own figures, relates simply to them paying down debt - it's not operational cash outflow for instance.

It's outrageous that Morgans have kept this report in the public domain when they have been repeatedly advised (and acknowledged!) that it contains many factual errors and the assumptions underlying the forecasts are shoddy.