okay, based on your assumptions.
if they have a $500M warehouse, and need 10% equity, then they need $50M. which they dont have. ($40M at last count?)
other BNPL players have raised around $100M-$200M EACH to build out there product and win distribution channels. obviously MME doesnt have this kind of cash either.
they have talked up launching multple new products. each of which would take cash burn i think to get to market, to prove, to invest in and build distribution. as well as possible costs aroudn funding lines for each, unless they can put it all into the same warehouse (typically very hard to do).
so, for these reasons, i think they need to raise cash.
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9 | 315652 | 0.105 |
8 | 560289 | 0.100 |
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1 | 7894 | 0.095 |
Price($) | Vol. | No. |
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