Last year they were saying they would reach run-rate profitability by the start of FY24, now they are saying there is no timeline for it. Its obvious that the SPP is not achieving the demand they expected because Shareholders have wised up to this unprofitability fact. The cash keeps getting burned, every second year there's another cap-raise (2020,2022,2024) and capital providers are getting sick of it.
I think QFE holders are really only hanging around in hope for a buyout from some US based PE/VC firm or a large Accounting/Law firm. its the only exit strategy that makes sense.
All IMO, DYOR.
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