I took a closer look at that Q'tly---it is a cash flow report not a profit report,so it does not show IMHO about $5m sales reciepts that were due at Xmas.
The figures also include maximum outgoings,so I am not so downhearted. At first sight you would think that their cash resources are a little low----this is not a problem as they are on a good profit taking the above into account. Directors have a responsibility to tell the market if results expected are materially altered from published expectations.
I will be in contact with Tthe MD to get a fuller explanation of that erronous cash flow statement.
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I took a closer look at that Q'tly---it is a cash flow report...
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