They're not going to go bust, last quarterlly their cash position actually increased from 10.2 million to 10.5 million. Todays results were for the last half, which obviously include less revenue projected over the half than they are taking in right now.
In comparison, Telstra's NextG, seriously lacking in spectrum and data throughput capacity/cell, costing a Billion dollars, will never make dollar one IMO and will most likely be shut down long before it's projected lifespan, like the CDMA network.
I believe next quarterlies will show profit, and if we could sneak a peek at the current monthly data, they would be most likely cashflow positive already.
This is a sheet hosted by a guy from the Whirlpool forum that clearly shows what's going on.
http://www.editgrid.com/user/Scott/UNW_CTE_reports
Stock is still undervalued considering massive spectrum holdings and potential for the spectrum.
UNW
unwired group limited
