Some good news and some bad news here.
Cash Receipts from customers of $38M is good, probably being the Thailand job being paid. But Cash Expenses are up to $42M compared to $28M for the whole of 2010/11. When Oh When, is this company going to get its head above water on a cashflow basis. Cash on hand is down $6M to $3M in the quarter. At this rate there will be a share issue needed soon.
They go on about having RECs unpresented (no value given) as usual, but they are going to have to sell them eventually.
Some good news and some bad news here.Cash Receipts from...
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