AF
Look at changes from June qtr REVENUEs dropped from $1.75m to $1.68m despite gains close to $250,000 from Global and Switzer. Maybe CTN did after all bring forward the July payment into June? And revenue next qtr has to deal with ? 2 months lost from CTN say drop $300+k, and the insto loss in Sept say $500k. Next qtr rev looks like $900k
Operating Costs June 2.38m sept 2.3m Dec forecast Dec 2.4m
Operating Cash shortfall June 628k Sept 624k possible Dec shortfall 1.5m whilst bank at end Sept approx 3.9m
So operating losses putting survival at risk - maybe till May? -- until last Friday extended it by ?
But having unloaded its major client ( then 40% of revenue ) - costs remain steady suggests another raising?
But even that must get harder if you can't break even week by week?
DYOR
CGA Price at posting:
73.0¢ Sentiment: None Disclosure: Not Held
