The Q5 report provides cash flow from receipts from the customers and all the purchasers from March would NOT be in that specific cashflow item nor can they be since they have sold it March and have 30 days settlement of account and is therefore receipted in April (Q4). The update defines the ACTUAL SALES as per the company's forecast as at 28th Feb 2008.
The update and development of this company is xcellent and they have done extemely well generating $282,000 whilst reducing their monthly operating costs to $140,000.
The company has delivered more than it forecast.
Pls read the update, not the quarterly which is only a cashflow doc.
SBN Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
