1 they feel there is enough left of the raise to fund these initiatives and 2 there is enough of a growth outlook that the qoq increase in revenue can be diverted to expansion. 3 the retiring of debt is also a 150k saving per annum too.
weve already seen that the margins are increasing and operating cashflow is increasing which lends some support to the above. They obviously need to follow through in upcoming quarters, but the early signs are there.
ENA Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held