There is no problem with the debt facility created. The main issues are we are destined to take on the debt the way the business is operated, and it is not able to make a profit let’s alone to cover the interest rate. If this is a domestic situation, all of us will be homeless very soon. We would love to have debt to produce positive impact on profit, with this current management in charge and the losses we are facing quarter by quarter, we are more likely to get glorified news report than actually be transparent and show some integrity in this business world.
Look, as I have mentioned before, the current saving grace of this company is we are producing NZ goods that Chinese want, the rest are in sin bins. The current economic path this country heads into is on self elimination pathway. We must produce profit to grow company share price, not with debt. We are not IT stocks which lives in dreams.
A company with no debt that produces profit will always outshine a company with debt in the long run. That should be the motto for this company and others
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