After reading the investor presentation I came acoss some numbers.
They have $1.4m in debt.
They have $2m in the bank.
And at the end of the March quarter they had $1.3m in the bank.
This means during the June quarter they paid $2m worth of expenses and increased the cash by $0.7m. This means they have $2.7m worth of activity. If you deduct $1m drawn from Magna financier this leaves us with $1.7m. If you further deduct $0.5m for tax creidt this leaves us with $1.2m business activity which must have arose from product sales.
If these numbers are true I am looking forward to the September quarter to be cash positive with gigantic growth opportunities within all divisions.
Emil
AEB Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
