Directors were buying in June, so were fundies… retail was selling… understandably, the cash is low and debt pretty much drawn.. but … if they do meet guidance, then they won’t need a cap raise…
profitability should mean neutral or slightly positive cash flows .. and the loans are with directors, last time they needed cash they just increased the loan
fundies buying on market probably means they’ve spoken to management to suss out a potential cap raise… and got a response that led them to believe otherwise
auditors recently signed off on going concern, meaning they are comfortable that the company will have sufficient cash flows to remain solvent…
positive cash inflows this month should lift confidence
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