Investor relations21 Apr 2015 11:18
In response to my RNS suggestion ref old receivables being recovered: (I have replied again and said still worth doing as the aged sales ledger is not necessarily included in the statutory accounts)
While we have started recovering the old debtors the position as on 31st March will not show any improvement as the normal current year debtors have also been added up to the list. But surely there will be a significant improvement in the debtors in the current financial year as slowly and steadily we are recovering the monies and also are able to get the monies from the new debtors within the credit period of 120 days.
Apart from the improving receivables position, a lot of good deals are in the pipeline and will get closed in a couple of months. Once we have the deals in place, we shall be giving an update on the RNS on all these matters which will give a significant boost to the price, I hope.
Thank you for your trust and faith in us and can fully understand your agony and concern. I can assure you that we are committed to work hard to ensure that we can restore back the true value of our Company.