Spent about 30 minutes just now typing up a reply but the maths was all over the place and it's getting late. Basically $2.7m in revs won't cut it once we take out $1575k in costs (525k a month AUD) and try to pre-pay for ad-space for the next 'up to 120 days' when we get paid. Technically yes, they're cashflow positive at $52k a day in revs, but won't be able to sustain.
Very close however. If Ted's tweet really is a game changer as he hints, then I don't think this 4-5c range will last much longer.
I'd have bought back in already if I wasn't so wary these days. Lots of fluff in these announcements and I don't totally understand the business as well as I would like to. Plus it's constantly sold down on every announcement.
Waiting patiently and hoping for a bargain for re-entry! (I'm an old holder from IPO who lost around 90%)
EN1 Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held