More of the same nonsense.
Profitability and revenue numbers? Management and directors cannot see which way is up if they think this level of disclosure is sufficient in today's market.
Negative operating cash flow of $32 million for the QUARTER mostly funded from the working capital facility going from zero to $20 million drawn.
Including the warehouse funding in unused finance facilities is another slight of hand move. 16 quarters LOL!
Are they permitted to use these facilities to fund the day to day operations of the business where the outlflows are coming from (not?) or to fund their lending (likely).
All their available facilities are gradually being used up. I don't see how they can go another quarter without a massive capital raise for their size.
Why not be upfront and transparent. That is why the share price has not budged desptie this rose coloured outlook.
More of the same nonsense. Profitability and revenue numbers?...
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