The grim aspect I was inferring to was, not that they are lying, but that the company's justification for significant cash burn in Q1 (4m) has not aged well (as we can see).
The cash burn in Q1 has led to an "unwinding" of reduced negative cash flow in the next two quarters.
Does this sound familiar? I feel like it's the situation we're in now, where another sizeable cash burn has just taken place, only to be "unwinded" again into negative gearing.
KTD Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
