Ann: Scheme of arrangement approved by Federal Court, page-7

Early to mid then. Certainly not mid.

Trending towards cash flow positive, is very different to profit which is what I was arguing against.

Even that though, XRO had 4 years of increasing net loss before it began to trend positive. Others still haven't yet which have a much healthier MC. GSW has only been listed since 2017. GSW is not XRO, but not exactly unheard of in this section of the market.

Sticking with the XRO comparison, when they listed they generated 31m rev in 2013. GSW listed in 2017 with only $320k in revenue. Miniscule. The maturity of the company is accentuated because people made the mistake of investing at lot of money (FIL for example) at a huge MC when revenue was coffee kart revenue. Revenue was never there in 2017, promises made or not.

IMO, DYOR

MJ