What are you expecting from a company being valued at 16m? Most speculative stocks on the ASX with MC under 50m would have 0 cashflow.... If this was being valued at 100m + then fair enough you would want to see some decent cashflow. Expectations should be kept very low given it's a startup.
Ann: Binding HOA to acquire FinTech company Squirel Limited-MNE.AX, page-49
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