I would say both. They run this operation relatively cheaply but they also let the cash drain pretty low before they did this cr. So the concern is that where will the short fall come from? It would be great if it was from sales revenue but to date revenue has been relatively small and historically not growing fast enough. If their next quarterly, due this week shows some decent sales growth it should crawl back this drop. If it disappoints well all bets are off.
Ann: Non-Renounceable Entitlement Offer - Results, page-5
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