Ollie Generally what you write is quite sensible And i am sure...

Ollie
Generally what you write is quite sensible
And i am sure that Cannacord would love to raise money for them
But , they raised 50m late last year and had circa 8m in the bank at that time
There cash burn i would estimate is 1.5 to 2m per month
So at this stage they certainly are not anywhere near raising capital
Typically though Saas companies do raise often in line with an aggressive growth profile
1pg needs to demonstrate that growth and they may well raise capital in the future , hopefully alot higher
For me i would love to see that in conjunction with a Nasdaq listing next year some time - purely speculating - however this stock will be embraced by the u.s. institutional investor who understands how to value this type of business - not oz instos and definitely not retail
No doubt current price action painful , quite technical with new lows and yes the shorter's are having a go, albeit not in large size
I believe patience will very much be rewarded - time will tell!
Good luck