Yes you're right, i should have said an additional $20m of revenue, so c. $28m to break even assuming gross margin of 39% and stay in business costs of c.8m
Have to right size the cost base or rely on raising debt or equity which they will struggle to do ... only so many times you can raise at lower levels before the markets close to you ... we close to that point if not already there. I would not give a dime to this team their record speaks for itself !
VIV Price at posting:
3.7¢ Sentiment: None Disclosure: Held