maybe your friend @ NAB is in the wrong spot??? considering that...

maybe your friend @ NAB is in the wrong spot??? considering that BNZ is owned by NAB - clearly "no one" is too general a statement

Totally agree though - all examples he have given are huge companies, which have generated substantial revenue & clear signs of growth... while still having cash burn due to exponentially gearing up the scale of the business....

9SP has struggled to maintain revenue & client alike - expenditure regularly increases (and managements blatant waste of capital - such as 400k legals) shows a complete disregard for cash management and an understanding of where their cash currently comes from... right now there is no justification for cash burn other than poor execution and poor client retention.