Interesting thing with the loans it states they dont need to be paid back in full until the company has sufficient cash reserves and has good profitability so they can be pushed back if need be. Some might even be able to be converted to shares as well. Besides report states that the board is looking at converting that debt to cheaper alternatives.
I do believe the cash flow will get better from here on. All the capex spending is done which will increase sales. The covid climate wont last forever and logistical issues will improve. The shanghai store should help as well.
Interesting thing with the loans it states they dont need to be...
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47.0¢ |
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Mkt cap ! $39.13M | |||
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