Maybe they needed the raise to get the credit approved - despite the asx announcement it isnt approved. Either way mgmt really tried to get the price up with a couple optimistic announcements before the raise. Inventory will be run down to get that cash flow positive announcement. Theyll invest in inventory again get the credit approved and hopefully the runway is bright from here. PAC called a CR in their research note a while back. Too much optimism here. Fundamentals still ok as long as growth continues. But this could easily go no where fast.
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