New Collison report is on the AZC website.
Reading between the lines it looks like AZC is in bad shape, based on its production costs in the last quarter were around $7M while in the Collison report it has OPEX as $10M for th whole year.
If you look further down in the report at the sensitivity analysis on OPEX with OPEX up 15% the price of the stock valuation drops from 35 cents per share to 25 cents per share,
well OPEX looks to have gone up around 200%! no wonder there is nothing in the bank and they are running into overdraft.
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New Collison report is on the AZC website. Reading between the...
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