keep an eye on, page-9

Hi Finch,

I think you also need to back out the financing cash flows as they paid down $90,000 in debt and this has nothing to do with PnL (well actually it will lead to a slightly higher PnL due to a lower interest expense), so operationally the cash flow was $221,000 or just under $1mm a year, However, taking into account that costs going forward should be lower due to rationalisation and lower chinese production base and marginal costs, and that traditionally the best quarter is this one we are in now (Jan-Mar 12), i should think that perhaps $1mm might prove to be conservative. Of course, There is not enough detail in a quarterly to really go deep, but i think this was a good result. I personally would like some more commentary by management going forward, perhaps a gig on BRR would be a way to achieve this.