No the annualised rate is 0.19%. They only earned 11K on $22 million in the qtr!
Really if they made the slightest effort they should be able to earn over $500K per year on this cash pile. That would make a huge difference to the bottomline and SP. More just a sign of what a shambles the previous management were.
No the annualised rate is 0.19%. They only earned 11K on $22...
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