I think you've hit the nail on the head with that one. 1Mil Capital is probably the cost of globes and the debtors have not paid as yet. This is afterall not a balance sheet report. I'm sure the next quarterly will show the sales revenue for the reported sales over the last few months. Payment which has probably been paid in Apr or soon and to be reported next quarterly.
Director buying shares is a sign things are not as bad as this report shows. Helps to keep the price low for those who want to buy in at cheap price. Either that or this Co is doomed at what appears to be a very high cash burn rate.
Watch for movement in the coming months.
We need an announcement that cash has hit the bank account for the reported large qty globes sales.
AHL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
