Ann: EN1 12 New Partners Go Live, page-261

> I'm actually surprised it was allowed to list considering its financial position (liabilities) pre IPO.

Hashimoto clearly you have an axe to grind with something. You have been downramping quite a bit.
If every startup or IPO was cashflow positive then they may not need to list. Almost every IPO or speccy in this space have some sort of liability or risk in some form. Many of your top Tech companies haven't been profitable for a long time. I'll mention Tableau, Yahoo, and Amazon as examples of companies that had debt, liabilities upon startup.