A disingenuous interpretation. If you actually read the announcement they highlight that there is no requirement in the medium term for additional capital. They make it clear there will be no capital raising in the medium term, clearly not having cash is not a problem.
They also highlighted positive cash flow of $755k for the quarter. They have roughly halved their gross losses.
Seems the ship has well and truly turned around. With such a small market cap I would say quite a few people see the significant upside from here. They highlight the strong interest in the company (while it’s in this performance bracket) but don’t want to sell because they know that if they turn well and truly profitable by Q4 the company will have an exponentially more valuable sale/merger price at that point if that’s where they want to go with it.
They are obviously backing themselves as they believe by Q4 they will be one of, if not the first profitable pure BNPL company on the ASX….
A disingenuous interpretation. If you actually read the...
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