"Interesting that they had revenues of 4.3m for the quarter and...

"Interesting that they had revenues of 4.3m for the quarter and only used the factoring facility for $900k of it."

Wouldnt that be a snapshot at the end of the quarter? ie. they may have used the facility several times over the quarter based on invoices outstanding at a particular time. We shouldn't assume that all the revenue for the quarter is in a/c's receivable and outstanding at the end of the quarter.

Ideally they would then take the cashflow when an invoice turned into cash and 're-invest' it to fill bigger and bigger orders, however one would assume this has not been the case and that they have been paying back money to MFC as much as possible - hence the $964k outgoings.

No more cash in the kitty at BRT - sink or swim time!
SLE