I can see your argument there, But as shown/stated in my previous posts link to 2x Sumarries of the latest announcements. (LINK)
-No full numbers shown just yet because the recent acquisition they've switched on has helped boost their numbers hence (Announcement 75%+ incomparison to Q4 Figures)
-Q1/Q2 generally being lower than later on in the year in the US interms of advertising
-Their target incomes have increased and it seems achievable as integrations continue to come in, so that's signs of additional revenue targets coming in
Yes they need cashflow as it takes ~60days or so for them to get the actual funds i believe, Convertible notes will help bring some of that money in to help the company.
It's not just cashflow, reduced payments in employees/office lease/reduction in external operation costs... It's a mixture of things that's helping to turn to profitability again!
-Not financial advice, My opinion only, Purely speculation-
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Ann: EN1 Market Update on Revenue Growth, page-55
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