Thanks
@GrandCombin, some interesting points.
Other points for consderation
1. Comparison companies in the payments/tech space have lost huge amounts over the past FY pre-Covid
Spliit $16Μ loss on revenues of 1.6m. Market valuation $200m
Tyro loss $19m, market valuation $2B.
Whilst profitability is very important metric, valuations in the tech space are more likely based on revenues and growth on revenues.
2. Major shareholder has faith in the business and have therefore extended an additional loan. This is the most efficient use of capital and also in shareholders interests.
3. I am curious @Grandcobin why you haven’t sold all this time as you don’t seem positive about the company.
