A40 price action, page-171

Everyone tend to avoid discussion relating to the cashflow.

* Cash end of December quarter is ~$13M
* Cash outflow this quarter is ~$51M
* Assuming revenue around $12M

* They are short ~$26M

Scenario 1:
They have to withdraw their remain loan of around $20M however they are still short in cash.

Scenario 2:
They have to raise capital pretty soon, likely $25-$35M to support current production. They will get payment after delivery the goods to China.

Don't get me wrong, I am trying to find an entry at this level. Look very cheap at this price.

Am I missing anything?