But then it says about moving towards cashflow positive operations - this means that they are operating negatively at the minute.
Market doesn't like it anyway, this is heading for 6-7p region pronto.
In order to manage the impact of these extraneous fluctuations, the Company has successfully cut expenses, reduced production and corporate costs and continues to investigate additional cost cutting measures. These measures are expected to protect the Company's cash position and have a positive impact on the Company's gross margins for the current financial year as it moves toward cashflow positive operations.
So if they have reduced production that would mean reduced income no?
Worrying that the RNS mentions protecting cash but doesn't tell us how much they have.
I think this is a profits warning dressed up in the usual AIM frippery. Stay clear this has much lower to fall.
Agreed Rhambo, this is well dodgy and If I were long here I would use the rise to get out, the weak rise itself is a bit of a giveaway considering how much it has dropped.