Judging from past 2 years of cashflows..operating cashflow minus investing cashflow is circa negative $2M per year. If nothing changes, then by Feb 2020, Catapult will have $11M minus $2M = $9M cash in the bank account? Will Catapult be comfortable with having $9M in the piggy bank? Or will they need some boost-up to reduce exposure to being an easy takeover target, i.e. drive down share price then launch a takeover?
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