Always good to look at historical posts. A Jasmin post right on 6 months ago:
It's great to see that no capital raising was needed for working capital. No a bank loan was needed instead lol. $3.6m negative cash flow for the quarter. Good lord how much revenue does AJX need to make to become cash flow positive. $40m and still no sign lol. Who woulda thunk me punters
$10m outgoing just next quarter, no doubt that will climb on its ever increasing trajectory.
Well June was cash neutral so now we know. Jasmin's forecast of ever increasing outgoings. His forecast has been debunked and now he tells us to be careful about the reducing outgoings. Either way it's always going to be a negative for our one and only fellow AJX shareholder Jasmin.
TA discussion, page-5434
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