In the presentation of late 2009 (graph) and at the AGM, Bob Gestro stated that INT had solid stable revenue of nearly $5M per annum from Utility product sales (metering etc).
If base revenue from product sales was supposedly running at that figure, why was the total revenue for the first half to Dec 31, 2010 only $1.6M?
One would have thought the "solid stable" revenues from product sales for the first half would have been circa $2.5M yet the TOTAL group revenue was $1.6M.
What's happened to the $5M per annum base revenue?
They have also stated in their first half accounts that they will be interest free after paying the Lord convertible note.
Does that mean they are paying zero interest on the loan funds of $375,000 that are fully drawn according to the accounts?
intermoco in very good position! $1.199m cash!, page-6
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