I did, but with interest rates increasing, drawing down $7mil of...

  1. 548 Posts.
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    I did, but with interest rates increasing, drawing down $7mil of debt will substantially increase interest expenses and therefore push out the profitability potentially later than FY24. On the funding page of the presentation, "QuickFee’s cash balance is expected to be sufficient cover cash burn to June 2023" , thats 4 months away, that's what im worried about. Hence my statement of increasing revenues, so that we don't have to tap so heavily into debt.
    Last edited by WickedWheels: 16/02/23
 
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