exactly ‘access to market capitals’ aka capital raises.
More alarm bells
FIJ has than a mill in the bank. A quarter cash burn is $1.05m. We’re 1/3rd way though the quarter. Cash needed in a month to stay afloat. If Leilo happens it needs money to operate too. Future orders require inventory which also require a cap raise as we just saw with vitamin shop.
The acquisition will be tweaked out of desperation from Fiji kava. Leilo have all the cards right now.
Also if Leilo pull out, Fiji won’t be a competitor in 2-3 months guaranteed.
I like your rose coloured glasses but it’s sounds like FIJ PR.
Ann: Quarterly Activity and Cashflow Report, page-36
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