Customer receipts are increasing.....there was only about 1M in the Receivables at end Jun05 (in Annual Report). So the Q1FY06 customer receipts is therefore at least 1.6M new rev. The negative operating cashflow is decreasing = good.......as to are the investing and financing negative net cashflows..... If the Q1 FY06 figures continued the same for the entire year, then the Cash position would be about 1.6M at end of Jun06 (not exactly a disaster - as a fair bit of work will have been done on progressing both datadots and datatrace by then)........So unless revenue growth increases by then, they MAY then need more money to be obtained towards mid-2006 (calendar yr) for future ongoing working capital - but if they did not need much, then there is no reason why they couldn't get a loan for a couple of million, as opposed to a capital raising............
My eyes will be peering rather eagerly, over the Q2 Cash Committments file when it comes out in late Jan06.
DDT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
