They have made significant cost cutting improvements in both Product Manufacturing and operating costs and also Administration and corporate costs over the last 3 Quarters.
Staff costs seem to be loosely correlated to customer receipts and fluctuate accordingly.
It will be interesting to see how they perform in Q4 FY 2017 as receipts from customers is considerably larger in this Quarter due to the seasonal nature of their billing cycle.
They could possibly go Cash flow Neutral or positive this Quarter. Time will tell.
Also, as you mentioned in your previous post, it is of interest to note that a Director has put his own money on the line when funds were needed to prop up the balance sheet, this has happened on more then one occasion. Good to see people with direct involvement are willing to back the company, they obviously have some degree of belief in what they are doing.
8CO Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
