Ann: Appendix 4C - quarterly, page-19

Wise words west coast. The take aways:

- You're a fool to try and base your decision on a company's profitability by the cash flow statement, no more truer than in the case of Ensogo where their revenue collection and payment terms are totally misaligned.
- The cash balance is massive, meaning more investment, more revenue growth, all that matters.
- The growth from 1st quarter revenue to 2nd is not something to ignore. The market will now watch for this to continue perpetually, and with the cash balance they have that is a very likely scenario.

For the more experienced, watch these opportunities to buy more, when the selling dries out that's the opportunity to strike, and with big instiuations like FIL paying 19c for large stakes and topping up on market at 16-18 cents you have to wonder what they know and what they see