ETC entertainment media & telecoms corporation limited

re: etc- a buy now! to dory i don't think therre is a share...

  1. 2,036 Posts.
    re: etc- a buy now! to dory i don't think therre is a share placement, they are cashed up,

    Previously unrecognized on the balance sheet, the injection of the monies owed from WorldxChange is
    well timed for EMT and creates several windfall benefits. First, the WorldxChange distribution goes directly to the bottom line as profit.

    Second, this additional profit boosts current projections for a positive operating cash flow for this quarter, following the positive cash flow result of $1.135 million for the September Quarter.

    Third, it represents a timely injection of cash into the business at a time when the Directors are
    actively applying a vigorous and aggressive global expansion strategy.
 
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