My dear friend, you do not appear to understand the binary nature of cashflow strength on long term financial sustainability. A heavily indebted business that takes on further debt - at exorbitant interest rates - to service existing debt is in dire straits from a " business survivorship" perspective. Even very strong reported revenue growth won't change that. Most of that will be eaten up by higher costs, naturally, with any incremental profits arising taking sometime to filter their way back into the organisation's coffers.
With only 1 month's cash left as per the last 4C, and with its ability to raise further capital seriously in doubt, it would be foolish to ignore the very real risk that Me1 may not exist in 2025. Like any business, creditors will eventually wind Me1 up if they do eventually run out of cash to pay their bills and continue servicing its rapidly-bloating debt obligations.
So, don't get fooled by Me1's continual highlighting of revenue growth but its ongoing - IMHO! - failure to acknowledge near-terminal financial ill health.
All IMHO.
ME1 Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held
