Yeah doesn't make for pretty reading.
Not sure how much cash/liquid assets CTC have parked on their balance sheet, but i doubt it would be sufficient to absorb figures like that in the long term. Negative cahsflows are often one of the first signs of trouble.
As already mentioned the most worrying is that some of their recent measures reek of desperation.
Last edited by Ollie23; 29th Apr 2009 at 23:18.