Really hard to see any direction from NNG, especially measures towards the ugly looking balance sheet.
If they need capital raise, do it at least we know there are sufficient cash for continue operation, right now I don’t even think the remaining cash would sustain the business over the next quarter.
Also hard to believe if the “July maiden profit” would be able to help the entire business afloat for the remainder of 2023, given too much current liabilities due in the next few months than their available cash & receivables.
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Really hard to see any direction from NNG, especially measures...
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