Fair enough, I guess in this case NTC should look at leveraging equity to take some debt facility to overcome short term WC issues rather than raising capital to dilute the shareholding.
At the end of the day, increasing revenue is a good problem to have. Working capital requirements due to long inventory to sales to cash turnover cycle can be managed as you rightly said.
I like your revenue projections of $354m. I think they can achieve this in 2019. Let's also not forget that previously the company wasn't making profits, now they are, so, they are likely to have more cash generated within business.
NTC Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
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