read the quarterly $9.7m cash plus they have $4m something cash coming from the marketing expenses that quarter which has been paid... plus $5m+ In options = $19.2m or whatever it was.... read the quarterly please. It clearly states net cash growing... these are just timing issues on profitability.
hope that helps mate, as much as I’m tempted I won’t have a crack at ESH , that’s your investment and I respect your decision to put money into something you believe in, so all good there and best of luck - hopefully it turns around.
Ann: Appendix 4C - quarterly, page-299
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