Ann: First Positive Operating Cash Flow Quarter, page-59

Will try and bring the discussion back to a more positive vibe.

Great progress made by management to bring this company from a virtual standing start to the operational cashflow positive point we are now.

Next quarter should be a big one. Think we will cover all expenses, including install costs.

On a per revenue/GW/month basis the upcoming quarter is by far our most profitable....hot and holiday season. This is from Oct update.


This current quarter was 'loosely' based on revenue/GW from Sept-Nov = $49801 (given their stated 21 day accounts receivable average). The monster upcoming quarter (receipts from Dec-Feb) should = $70508 OR 41.5% higher.

So on like GW sales we should see > $6.5mil plus an additional 15-20GW coming online should see receipts pushing $7mil. Not bad for a company with a market cap of less than $60mil.

Not really that concerned about the debt deal yet. Said a while back they will get a better deal when they are cash flow positive. They still have a big buffer in the bank and also have access to further funds from the current director loans.

I think it is time for them to become a little more aggressive in their GW and geographical expansion....especially now there are copycat companies hitting the market. We have enough spare funds (debt facility or not) and the expertise to do this. Growing at 6GW a month (while it is admirable) is still not exciting the market.

Hopefully the SP starts the steady climb back up the staircase. We've been waiting long enough! A takeover is always a possibility to bump the SP but in reality I think this is probably more of a chance from 2019 onwards.

Here's hoping for a great 2018 for all the LPE'ers. It's off to a pretty good start and looking pretty positive for the future.