Cash receipts for Q4 FY25 sounds promising. At $4-4.5mio receipt, and with costs in line with previous quarters, this should indeed hit breakeven. Obviously, we will all believe when we see it, so I am not expecting much enthusiasm in SP before next 4C. We will also have to understand the source and sustainability of these receipts (excluding Grapple for example). Explanation on "cash drop" shows they don't actually quite understand how to manage financing. So in that way I am pleased they terminated that warehouse. One step too far for them and it clearly did not go according to plan. There is clearly a gap in my mind in financial risk management. So no new CFO does not sound good to me.
SPX Price at posting:
0.7¢ Sentiment: Sell Disclosure: Held
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