re: Ann: Nexcode cash receipts increase cash ... $10 million in NET cash sounds pretty encouraging to me. It indicates that they have received payments significantly more than this amount, and are now putting most of any receipts above the bottom line.
Does anyone know what their monthly cash burn rate is? I'm getting very tempted to join the party at under 40 cents. This seems cheap looking ahead to 2010. Seems the big buyers are waiting for the 2009 confirmed results before a big re-rating. This will send confidence to investors.
ETC
entertainment media & telecoms corporation limited
re: Ann: Nexcode cash receipts increase cash ... $10 million in...
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