RE: WebcastJeep,
I thought it was thiner.
Anastasia said it best Forget the foreign exchange. Its just something they have to do for quarterly reporting purposes because they are a Canadian company. What she was trying to get across was that they are really a US company. Keeping their cash in US Dollars, purchasing their supplies and billing their clients in US Dollars. Thus they truly were cash flow positive by 600,000. To look at it in the most simple of all terms. The 1st qtr ending cash balance was 8.5 MM cash in the bank. After receiving all revenues for the quarter as well as paying all their bills at the end of the 2nd qtr their cash balance was 9.1 MM. Thus they were positive cash of 600,000 for the quarter. End of story. What Norbert also said was that they were considering a more simplified way to report in the future. i.e. become a US company.