10% interest would mean 7.3 million USD per year.
One would ask why directors who have an intimate knowledge of the company are not buying?
Either we become cashflow positive quickly, or a hugely dilutive capital raising is coming.
This looks similar to me to Speedcast, which had too much debt and went belly up very quickly, although Covid did hit them badly. Let's hope they can turn this around as the current growth model is clearly not working.
Ann: Appendix 4C - Q1 2022 and Business Activity Report, page-18
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