it seems to me the CR is not really for supporting growth plans - it’s not to build a factory, for example. It’s a CR to fund their operating expenses while they fulfil existing orders and make more sales using existing equipment. I feel debt would be a more appropriate way of funding that - it would be time-bound and put a fire cracker under the sales effort. Also would have expected some radical efforts to cut operating expenses with a determined commitment to becoming cash flow positive by a specified date.
Ann: Redflow undertakes capital raising to deliver on growth, page-49
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