Did anybody actually read Friday's announcement?
Opening Cash 1/4/04 466,921
Net Cash Inflow 1,729
Closing Cash 30/6/04 468,650
They also stated that cash inflows for July were $225,000. Now doubt some of this relates to the $700,000 sales orders received from the Italian distributor since 1/4/04. (refer announcement 14/5/04).
The Chairman, Ian Cameron, comes from a strong financial background. And he is not even considering a capital raising. Otherwise it would have been done already.
Me thinks it is the beginning of the beginning for Mikoh.
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