AJX 5.00% 1.1¢ alexium international group limited

CY16 Revenue Now Certain???

  1. 74 Posts.
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    First post so I hope it comes out OK. I have been holding AJX for a year now ( deep in the red) and following the threads on HC. To me there appears to be some doubt being expressed about the forecast $18.5 M revenue for CY16.

    I would think that Management would now know for certain that this was in the bag.

    My reasoning is that Revenue = cash received +accounts receivable.

    Management now know cash received to end Sept and accounts receivable would appear to be on either 90 or 120 day payable terms. Since there are now less than 90 days to CY end management must know the value of payments coming by 31 Dec. The only problem would be non payment.

    Maybe their constant restatement of $18.5 M isn't off the mark.
 
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