Unlikely revenues will tick up significantly before Q3 2022. We should expect at least 3 months between the foundations of a warehouse being built and its actual execution. And then they need to ramp it up. Does not happen by flicking your fingers. In the meantime all they have to ramp up lending earnings is their war chest of cash raised a year ago. Not sure how much of it is already deployed and how much they can still use for new lending. Some of it got to go to that warehouse. Hopefully payments revenue start to tick up. My guess is that revenues are going to flat line for some time now. And those costs... Difficult to sell at a loss, but might be the right move before buying back lower.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-189
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