Cause it has a positive cashflow this Q. Hence, they are not...

Cause it has a positive cashflow this Q. Hence, they are not required to calculate it.

I think between now and September or November are crucial.

1) Fed rate cut. Might affect Europe which I think most loans are from europe. Lower cost of operation

2) 2nd point is the most important point, their operating cost is never scale with the revenue. Hence, cash outflow is very serious. What they are currently utilising in accounting term is just a timing difference, they use upfront cost from new project to sustain. When there is no new project. They are pretty much stuffed up. The reason being the more they work on a project to more money they lost.

3) With the so many sources pointed to the ease of hype of Apple vision pro and the delay of 2nd generation. The industry will not get much traction at least in the next 12 months.

4) In the coming next 12 months, AI will be a big topic in tech which is not VR1 expertise.

In terms of the loan, I think if they cant create another hype to do cap raise. The loan amount will be bigger which is also why they start repaying their loans in the recent 4c. For more bargaining power on acquiring more loans. This is just my realistic opinion.