Hey phisho.Biggest issue (from the C4 point of view) is the op...

Hey phisho.

Biggest issue (from the C4 point of view) is the op cash position.

The opening page of the c4 talks about 'annual green energy costs'. Since this is a cash report (not an accounting one)it would suggest that they are paying for their NGAC's in this qtr. Sounds like a less than even hedging policy.

The same sentence also says additional network costs relating to prior periods. Cannot understand what that means. $15.9m this qtr revenue, so est $7m as network costs, how did they all of a sudden get a bill for an additional $1.6m?

Not a spending spree, but not fantastic.

F111