Yes we have turned a profit every year since inception in 2010. We also grew 20% last year. Growth and profits can co exist. We did not put up any significant collateral either, even though we have significant property interests.
I understand your point, and i understand higher risk = higher cost of capital...however what doesn't sit well with me is paying 2 firms a total of 1.2 mill + options to secure a shitty trade finance deal that my uneducated *** could do with 5 phone calls. For me it is quite simple because we operate in the same space and in the same country and the fact i can get a better deal than BUD is a HUGEEEEE red flag for me. I am obviously doing myself a disservice disclosing this as i still hold my shares, however at some point we need to the cut the bull**** and call a spade a spade. If someone would buy my holding for 6c (pretty much break even) i would take it in a heart beat.
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Yes we have turned a profit every year since inception in 2010....
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