Focus Issue, page-8

this was my favourite part

"your crystal ball joke of an uninformed assessment of TMT's running costs show how sadly blinkered you are"

At first I thought "oh no!". Of course someone who admits to having intimate knowledge of the company must know a heck of a lot more than me. I should have kept my big mouth shut! But then I thought "why not", and looked at the TMT quarterly announced on 31/1/2019.

Cash flows from operating activities 

Current Quarter   ($4,371,000)      YTD (6 months)  ($5,378,000)

But hey, look on the bright side. Estimated cash outflows for next quarter were only ($2,899,000)! Oh wait, there's only 3 months in a quarter right??

At that point I said to myself "Bermuda, it's only fair to compare here. Maybe this number is tiny compared to that crazy top heavy AVL where, despite the deposit being 3 times the size, the company big wigs are chucking cash around like mad." The results.....

Cash flows from operating activities 

Current Quarter   ($1,417,000)     YTD (6 months)  ($2,580,000)

There is a silver lining though timmie! Looks like AVL's only going to spend about $700,000 less than you guys this quarter with the estimated cash outflows figure at ($2,200,000). Things are looking up huh?

No doubt there are smarter people on here than I who can point out my many flaws on this comparison. I know a pretty good accountant overseas who reads this board from time to time, so maybe he can correct me??