The other interesting thing is that the cash flow reconciliation shows Interest Income of $324,984 on an average cash balance of $38.88 million for 168 days. This equates to an interest rate of 1.8%, which is an exceptionally poor return for a cash balance of this size during this period of time. For very little extra effort, and no risk to shareholders, this cash could have been placed in higher interest earning accounts and deposits. I'd be interested to hear from the administrator as to why it's not a requirement to at least have the funds invested in high interest earning deposits, when clearly the great bulk of the cash is ultimately to be distributed to shareholders
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