Wayne has been doing a good job avoiding significant dilution, which I think is good.
I would like to see the business making progress quicker, but if he can thread the needle on revenue / funding, will be huge.
And let's be clear, there is plenty of funding out there for anything ESG and Fashion related.
Example below:
https://www.businessnewsaustralia.com/articles/sustainable-tech-developer-xefco-raises--10-5m-for-a-greener-fashion-industry.html?utm_medium=email&utm_source=www.thewebconsole.com&utm_campaign=Enews+30+April+2024&utm_content=37874755&c=32461198&_c=b5c4ae3733947eb7a308c5caa246f5e3
There must be a handful of programs at a WA and National level we can apply to for funding as well:
Example below:
https://www.investandtrade.wa.gov.au/opportunities/investment-attraction-fund/investment-attraction-fund-recipients
He could probably get $5m off Twiggy pretty easy with his expanding fashion businesses.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-10
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