Share
25,124 Posts.
lightbulb Created with Sketch. 990
clock Created with Sketch. 25/02/25
11:04
Share
Originally posted by CDO22:
↑
Probably more than one reason but cash was one. To grow the DW you need to top up the first loss. And given revenues have been on the discounting side, runway has always been tight. The path was to grow the DW quickly when they had the resources, hoping for some SP appreciation and then raise capital for runway. Not sure why it stalled very early. My guess is the funds were not really available. And then they got caught by poor financials.
Expand
@spendorey and @Cozza05
(20min delay)