Where are you getting the $22M figure from? They are currently receiving about $9M cash per year, and aiming to reduce costs to $10-$11M per year. As their revenue is recurring a few more sales will get them to an annual cash receivable of $10-$11M, which seems pretty achievable.
They also specifically said they are reducing non-sales related staff.
Ann: Appendix 4D and Half Year Financial Report, page-4
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
