Because they paid too much for Code Camp, it's a loss-making entity and no one would touch it with a barge pole. Worse again is Cluey, a concept that only worked in lockdown with government handouts and historically low interest rates. Reality has hit and now they have their snouts in the trough milking inflated salaries in lieu of their lost capital. Three quarters cash left, no chance of a cap raise. Grady Wulff from Bell Potter had a "buy" on this last year, genius.
CLU Price at posting:
8.2¢ Sentiment: Sell Disclosure: Not Held
