Market must be pricing in a cap raise or debt raise. Singapore and Japan expansion is too early for the company at this stage and proves to be right with comments on it being on hold. Sales have been dismal. EBITDA is a wrong measure since debt is required to keep the lights on. EBTDA would give a better story. Basically EBTDA dropped 52% from $51M to $24M. I'm surprised incentives were still distributed and CS got a raise after such a result. Anyone going to the AGM?
NXT Price at posting:
$6.22 Sentiment: Hold Disclosure: Held
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