Sold out this morning for a very small profit. I don't like it...

Sold out this morning for a very small profit. I don't like it when company's miss deadlines and goalposts are suddenly moved. I had expected the Indue deal to be completed by December 31, but then we were told it would be no later than January 24. I suspect the financing is not as concrete as we were led to believe.

Furthermore I don't understand how the FY report showed cash of $2.9 million at June 30, yet the investor update of 14/11/16 showed cash of only $1.1 million when the company has been supposedly profitable since June? Not sure how a dividend can be paid with cash seemingly low if the finance doesn't go through? Perhaps there are intangibles that I am not considering and there could be a logical explanation but I have cold feet now and had to act on that.

Still could turn into a big winner and I wish holders all the best. I will watch with interest from the sidelines and may re-enter at a premium price if I feel comfortable with progress.

Cheers.