Added another 120,000 shares today because each item from the 2016 Q1 report makes me excited.
Now let's digest the report line by line and then make your own decision.
I will compare 2016 Q1 with 2015 Q4, not 2015 Q1 because that comparison is really showing BAA to progress or retrogress.
1, Cash and cash equivalents: $7.5M versus $2.2M. This $5M more cash will make BAA have a much easy room to avoid expensive financing term.
2, Restricted cash: $17.5 versus $0. With the $17.5M, we don't need bother to worry the bond holders against BAA property for some time.
3, Inventories: $49M versus $28M. This means more raw materials in hands to keep production sustaining.
4, Current Assets: $100M versus $50M. Banks give loan mainly based on Current Assets.
5, Prepaid expenses and deposits: $10M versus $7M. It indicates more guaranteed to get rew materials and services.
6, Trade and other receivables: $16M versus $13M. Means more cash will flow in.
7, Trade and other payables: $67.7 versus $82.2M. Means less cash will flow out, or means less cash restrain to happen.
8, Bank loans: $8M versus $12M. Means less interest will be payed.
As to the -9 cents, it is almost not from the operation, but just due to an accounting issue, such as non-cash charge related to stock price, or charges for Namoya from previous quarters' financing expense.
