Only other thought is that previous quarterly said invoices lodged but not received were $2.6 million. Nothing provided in this report on invoices lodged but not received. Net receivables have risen from $1.5 million last quarter to $1.9 million this quarter, so it is possible invoices lodged but not paid have risen. Cash would then improve with a lag. It needs to do so. It could also be more work has been done and not even invoiced at end December (possibly on the stadium contract). It would be nice if they told us.
MSG Price at posting:
2.3¢ Sentiment: None Disclosure: Held
(20min delay)
