A1 Investments & Resources Limited (ASX:AYI) Releases Quarterly Cash Flow Report
Financial Performance
A1 Investments & Resources Limited reported a net cash outflow of $9,000 from operating activities and a net cash inflow of $7,000 from financing activities this quarter, resulting in a net increase of $2,000 in cash and cash equivalents.
Financing Activities
The company secured a $300,000 loan with a 3% monthly interest rate, due on or before 31 January 2025. The loan and interest are to be converted into ordinary shares at $0.01 per share post-consolidation, subject to shareholder approval.
Future Outlook
A1 Investments & Resources Limited is pursuing new business opportunities involving the acquisition of existing businesses. The company expects to finalise one proposal within the next four to six weeks and seeks further funding through convertible notes pending shareholder, ASX, and ASIC approvals.
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