ccf business model, page-7

hi Suhm

i am curious about CCF and have tried to follow your posts about negative cash flow

when i look at the 2011 Annual Report, CCF earned $7,034,431 in gross revenue and had $5,450,298 in interest-bearing liabilities

the quarterly cash flow report for six months to 31 December 2011 has gross revenue of $12,893,000 and repayment of borrowings of $1,366,000 and capital raising of $1,475,000.

on face value, it looks like CCF earned $12,893,000 in gross revenue for the last six months without making any new borrowings

what do you reckon mate?

thanks

Shimmer