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Re: otis1111 post# 54433

Monday, 12/17/2018 10:17:14 AM

Monday, December 17, 2018 10:17:14 AM

Post# of 58840
My assumption is that all Pimacott is marked. The payments by Himatsingka to APDN apparently take place as the marked cotton is sold mainly thru bedding demand, thus the buildup in deferred income.

The Australian cotton thru Luis Dreyfus has delayed payments as outlined in the preliminary financials. It looks like at least 2/3 is collected in current quarter or 800k.

There is also the various recycled PET bedding which is part of the strong business momentum.

Read the preliminary financials. I believe Colorcon got a Pharma contract which precipitated the 2nd milestone.

I think current quarter cash flow is pretty good.
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