Cash Flow
The Company finished the September 2018 quarter with a cash balance of US$9.995M.Cash receipts for the quarter were US$246,000. Headcount at the end of the quarter was35 fulltime employees and two fulltime contractors in sales and marketing.
In the June quarter the Company invoiced SNTech US$609,135 based on an existingLicensing and Development Agreement. SNTech has disputed the invoice and theCompany has intiated a full audit of SNTech’s books, records and source code. Theresults of the audit are expected in November 2018.
The above is taken from the September, 2018 update. There is actually no direct statement that the results of the audit will be immediately released to shareholders.
Just a thought but it may well be in the interests of shareholders for the results of the audit not to be released if they contain information which will be detrimental to the companies ability to negotiate a settlement of the outstanding debt with SN Tech.
SN Tech audit?, page-10
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.8¢ |
Change
-0.008(3.49%) |
Mkt cap ! $399.0M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.3¢ | 20.8¢ | $120.1K | 572.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 1119666 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 235975 | 9 |
View Market Depth
| Last trade - 10.19am 05/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |