They haven't booked it as cash - it is reported as a receivable so there is no question of fraud or misrepresentation - only that there has been no update on the status of the cash collection. The longer it remains outstanding the greater the risk that it won't be collected and earnings will...
I think the annual report is the latest info available. The figure of $3.7 million that jayinoz is referring to is in Note 12 in the accounts. This refers to $3.7 million being overdue by up to 3 months but no impaired at balance date. However, the total receivable figure is still $42 million...
I recently sold my Nexbis shares but still watching to see if this thing turns around.
For the first time, I had a look at their web site and I wasn't impressed. It is mainly filled with pages of "corporate speak" and there aren't even any contact phone numbers, e-mails or a bricks and mortar...
Jay,
I took up my full entitlement as well. The current market price should already include the dilution impact of the rights issue, so shouldn't drop by a further 10%. Having said that, there will me some profit takers willing to sell their shares bought at 38 cents when these are finally...
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