This would have to be one of the saddest Christmases. looking at the financial reports Bal does need to be clear about what is happening because this could be very ugly if they need additional capital.
Inventory was up massively in the last half...and that needed to be paid for. AP was also higher to reflect that.
If sales have fallen off... for a growing company that isn't well capitalised... ie no debt... This is a problem.
Financing new distribution channels costs money. trusting the housewives and students to manage distribution was very cheap.
No debt is fine. but did they have no debt because no one would lend to them.
It seems strange that a line of credit wasnt arranged.
An interesting few days ahead and hopefully we can hope that all those affected still manage to shake it off and enjoy the Xmas break.
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