Simmy the $4.2m in the January qtr was annualised bookings...

Simmy the $4.2m in the January qtr was annualised bookings (spaced over the year), so certainly won't be all coming through in any one quarter.[/QUOTE]

If they were annualised bookings, youd think by now they would have recognised the cash receipts for those bookings. Its been already 6 months since that annoucement was made, meaning worst case scenario they are to be realised this upcoming quarterly. I only saw cash receipts of 100k or under per quarter. No indication of the 4mil+ being realised yet. If this quarterly does not indicate cash receipts of about 4 mil, then i would be expecting an explanation as cash lag was said to be 3-6 months following new bookings and the time has now lapsed for this to occur. No explanation woud mean false information provided by the company which would see me out of this trade regardless the loss.