That is what I found to be disturbing (FY25 forecast).
By his own admission, they have had 14 weeks of initial start up. They still have a full year (nearly) in FY2024 to rectified the potential problems in FY25.
How could anyone project that far out when you only 14 weeks of initial start up data?????
All he had to do in the Quarterly was review the actual result vs estimates on that quarterly - and perhaps look at adjusting estimates for the next quarterly.
Who the hell compelled him to project 2 years out, in the quarterly; based on the initial 14 weeks of ramp up?
And why would he raise capital after the share price have crashed?????
Did the board even consider borrowing?????
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