Reading through the financial in consideration of taking up the offer, not liking what I am seeing.
Almost 10 million dollars of negative cashflows, increased receivables - not getting paid, only a million in the bank (more now with the institutional placement), increased inventory - we aren't selling our stock, increase in biomass - reduced offtake, large jump in feed and employee expense, especially so for the board.
Nothing positive to really report on to be honest. 10% increase in revenue offset by 20% increase in cost, and that cost base is larger than revenue.
Still thinking about taking up the offer and selling soon after to cut losses.
Reading through the financial in consideration of taking up the...
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