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05/02/19
12:27
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Originally posted by mnb:
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As there has been so much unresearched crap posted here by the usual grubby suspects, I thought I would ask for clarification on one major sticking point here: cash flow break even by year's end. To that end I emailed Dave McLaughlan, and I offer the following email conversation: Hi Dave With regard to management maintaining the forecast of cash flow break even by this year end, could you please clarify as to whether that forecast is dependent upon the proposed acquisition of the company for which we have a trading suspension? In other words, would we still be breaking even, cash flow wise, without the acquisition? Best regards **** Hi ****: Thanks very much for your email. Our guidance around reaching cashflow breakeven by the end of the calendar year is not inclusive of the proposed acquisition. Best,Dave Now, this may disappoint a few naysayers and trolls, which is great, but really, if you want to take a lesson from this, I suggest you follow the advice I overheard someone give a another person years ago: Children and fools should not criticise something half finished. Now that's been cleared up, I have many things to do outdoors. All enjoy your day now.
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Thanks for sharing the email but like others on this forum I believe DM’s words hold very little weight. “We have sold more Ohms this qtr than what we had sold previously”. This was indeed incorrect!! I’m sure the cash flow neutral is based upon winning several large tenders which is not guaranteed.