pe 4 with massive growth, page-9

As Ferret and a couple here have stated people want to see the cash. A few points about this company and the half year results that confuse me:

* Financials show revenue of $13M and profit of $8M. Cash Flow from Operating Activities has receipts as $9M and net Operating cash generated of $4M. In short, fairly high dislocation between accounting income and cash income. Why?

* Receivables increase by almost $6M - which explains the above but as a percentage of income is huge. Again why such a dislocation? Unless a substantial part was generated in the past month or 2 of the period?

Just cash questions. Could be all good, and they did generate positive operating cash, however seeing the money in the bank will likely be the proof that some need.

MJS

My holding is very small.