CBD expected to rec $10m for work done in Thailand this qtr, had $10m in REC certificates had $15m in stock plus was expecting a refund of monies spent on wind project from j/v partner ----------------------------- this qtly states
received payment from Thai project - the amount rec'd is not stated so you wouldn't know whether they rec'd the full amount or half or what.
did they cash in any of the $10m in rec certificates - yes or no. Could have cashed in a few to make the cash flow look better. You wouldn't know.
it doesn't state whether it rec'd any monies from j/v partner for the wind project - assume no.
working capital has increased a few million - is that more hardware or more REC certificates or ?
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I would ask the company the questions but I know they wouldn't reply.
CBD Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
