I think you arew wrong here. Chefgood is cashflow positive and they have the other $20m euro debt facility. Marketing cost is front end loaded and makes EBIT negative but they receive ongoing subscribers and ongoing revenue as a result. Once they lower marketing to say 10% of revenue, Bam! Positve earnings! Its all about the marketing efficiency which they do really well.
I think you arew wrong here. Chefgood is cashflow positive and...
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