RE:RE:RE:Where are Q2 Preliminary Results? I expect a decent quarterly report based on what we know from the short form prospectus and previous quarterly report.
end of Q1 we had 5.3mil in cash, end of november we had 6.3mil acc. to short form. we really have no warrants that should have been exercised during november so the cash increase of 1mil should come from profits i suppose. however, it seems unreasonably high since they have at least 1.2mil in personnel fees which mean as a minimum they recognized 2.5mil+ in revenue to generate 1mil in profit since they will carry some hardware cost connected to the revenue. still, seems very high on revenue so maybe they recognized 1mil in revenue during november and 0 in cost which makes it 1mil in profit, or they include receivables in cash balance or something like that.