I agree dlight. The issues are converting the work in progress to cash, and the J&J Mesh disbursement interest which they are not likely to receive from the settlement. I will be very interested to see what. Shine do with the $22.6m cash they received a month or two ago. They will probably try to keep it in their accounts until after 30 June to prop up their biggest problem, their cash balance. Isn’t it also strange that they did not tell the market when they received this enormous amount of money, or tell us how they are going to treat it? Will they use it to pay debt or the disbursement funder? So far, shareholders have been led to believe that there is a special divvie coming from the Mesh costs, but that is looking less and less likely. In relation to the interest on the Mesh disbursements, does anyone know where this appear in the accounts? Will it be material if they do not get awarded the interest, or is it already provisioned for as a debt in the accounts somewhere?
SHJ Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held
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