I think Q4 seems unreachable, but I note that the forecast is on an EBITDA basis, so there is can be a little bit of accounting trickery in there to nudge the figures the right way.
but that doesn’t necessarily mean CR. I was privy to an intelligent investor article where they said they spoke with Hamish and he guided to reduced expenses, and Indonesia coming online off a base of basically $0 so a decent leap this Q may be totally possible.
Also, I should clarify, my forecasts are on a cash collections basis cause what I’m really concerned about is cash flow break even, not accounting trickery break even.
That I’ve forecast to happen in more like Q3 or Q4 2020 (based on the 35 - 40% cash receipts CAGR and relatively flat expenses)
ICQ Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held