EOF 13.9% 4.1¢ ecofibre limited

Ann: Pause in Trading, page-22

  1. 2,473 Posts.
    lightbulb Created with Sketch. 990
    You realise that that was a one-off payment to pay for the new facility? And more will come in the last quarter.

    It's not a cash burn. It's why the IPO was issued. To pay for it. And the cash is being used exactly as intended.

    Also, whilst there may be a small drop in revenue from CBD, that will be covered by the mask product, as they've stated.

    Ananda Food is also going to be profitable this year according to guidance.

    In 2 months, the facility will be 100% ready for full scale production and I've seen a lot of interest from various businesses.
 
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