Mr Granville seems to worked out it's all about cashflow.....pity for the 5 yrs in building up to over 45 thousand clients he does not seem to have paid attention to that little fact.
Also I'm sure raising money recently to pump 5m into an startup crypto venture had nothing to do with their cashflow problems.
Yes the federal, state and even the electricity producers are all to blame for relying on aging coal fired power stations that keep on breaking down if it gets too hot or cold (ironically!), and not investing years ago in preparing the network for these factors, but these small energy retailers were skating too close to the edge with minimal margins. I should have seen this coming a mile away (well the UK was a good indicator what would happen), but you live and learn (that mgmt in small caps are critical to their sucess).
Well expensive lesson on my part (and I suspect others). Best of luck to all.
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