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Tuesday, July 26, 2011 12:24:23 PM
Not yet. There are too many unknowns, such as:
1) What are the settlement terms of the licencing agreements - there could be considerable delay from booking the income to receiving the cash. We just don't know - not you me or anyone here
2) What the real O/S is - GERS statements on this are usually unclear and liable to different interpretation
3) Whether YAGI has done other deals to swap debt for assets/income etc. We SHOULD have been informed of these, but management continues to do a horrible job of keeping shareholders informed.
Jim, last week you also bought into the idea that a buyback had taken place - surely you now see that that was wishful thinking, and that clearly cash flow is not as healthy as people were speculating.
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