Ann: 2Q 2024 Trading & 360 LATAM Growth Update, page-6

Following the FDV chart policy of "everything always go up" here is a graphical depiction of the cash furnace situation



Interestingly if you juxtapose it to the EBITDA official chart what do you notice?



In Q1 2024 FDV burnt $1.3m to generate $1.5m EBITDA and we reach parity in Q2 2024 - $1.8m burnt to generate $1.8m EBITDA.

Of course in the official corporate lingo it's "Investment in long-term product opportunities".

This company IPO was 8 years ago, it raised more than $200m capital since to generate < $8m EBITDA per annum and it still need to make "investment in long-term product opportunities"? What a clown show.