Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9

Even if NET was able to get its profit through the roof to something like 8million EBIT which even if it was possible lol isn’t anytime soon let’s be honest. Then look at the 3.8 billion shares out there and even using an absurd unrealistic tech multiple for its valuation it’s share price is still horrendous. It’s staying put for many many years to come I would guess to think, if it even lasts that long. It’s still going to issue more shares you would think. Those expenses are just wayyy too high if you ask me. What happens once the starlink inventory runs down that “made last years expenses looks bad” lol? How does it purchase more? With what money?