@Tarvold - I am a holder and believe in this company, but I am also getting a little concerned about the revenues ZNO are stating in their quarterly 4C's, and what their cash receipts are showing for the same period.
I think that this issue was pretty well summarised by Gusman1974 in an earlier post on this thread.
A quick look at the last 3 x quarterly reports show:
July - Sept 2017 Revenue = $1,069k / Cash Receipts = $462k
Oct - Dec 2017 Revenue = $1,120k / Cash Receipts = $237k
Jan - Mar 2018 Revenue / Shipments = $924K / Cash Receipts = $190k
Total Revenue (9 months) = $3,113k / Total Cash Receipts = $889K ("shortfall" = $2,224k).
ZNO have also stated that there is a further $850k due to arrive in the accounts from shipments in the Jan - Mar 2018 quarter.
Am I reading this wrong, or can any other holders explain this large variance? Thanks.
