Whilst we would all like a strong rebound in the Cash Receipts number for Q3, need to accept that Cash Receipts is the last leg in the Sales cycle. Therefore a Revenue declaration for the QTR would most likely be more relevant. Similarly, a declaration of the Receivables number at 31 March would better inform us. Failure to provide this supplementary information when they disclose the Q3 Cash Receipts would signal that the woes experienced in the 1st Half continue.
Pointerra obviously dont have to provide this supplementary information in a 4c. Concur with the view that someone has been / is mopping up shares at near 4 cents. Maybe, if that someone has not had their fill by last week April, Company may elect to only disclose a Cash Receipts number accompanied by a strong narrative of a rebound in the final quarter.
The Half Year report signalled that they expect to be earnings positive for FY24. That's a big call given that reported YTD. Must admit the way it was written, it seemed to be Ian throwing out a challenge to his team rather than a signal for Investors.
Now, we simply need to wait and see.
Rokewa
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