If you look at the quarterly and the convertible notes they will have exactly 1.8 million in cash. Yep then they will be in a position of nocash at end of quarter ( well if they pay their bills and their clienst pay they should have 2 mill in bank?
They do have wierdly 3,4 mill in trade receivables but deduct 1.6 in payables ? Will the "clients "pay up?
Then to top it off they have 5 mill in debt to service?
The convertible notes means there will be lots of sellers always avaliable as they wash through the system.
I haven't included any additional income from anything as no idea if it will eventuate or in what timeframe.
