Hi Bour, I like that when you counter someone's thoughts, you...

Hi Bour,
I like that when you counter someone's thoughts, you don't make it personal! Very commendable.

In saying that, a couple of things I think some on the threads might need to think about;

1. The debt payment has been deferred to October
2. The marketing spend has increased substantially at a time the business owes debt equal to 50% of its value on the ASX. The estimated spend for next quarter is 100K
3. The product lines that determined the size of the earn out were ordered in such big quantities that subsequent orders won't be received again until this quarter
4. The earn out was reduced from roughly 6M euro (apologies if this is a bit out) to 4M euro after an audit of the sales figures.
5. This quarter the company has reported that due to excess sales in last quarter this quarter orders have been lower.
6. The CFO has resigned while all of this is occurring.
7. The EO payment is now only 5% in equity compared to 20%.
8. The business was growing at 20% per annum with lower marketing spend than what is occurring now.


A lot of these facts lead me to come to the conclusion that things are not as they seem internally.

It's true no one here can really know what's happening with the liquidity event but some of these actions, at least at this point, don't make a lot of sense!