The company mentions an EBITDa breakeven, really should take into account cash profits for the full business.
management have pushed as many expenses into below the ebitda line, to capitalise the expenses, and artificially inflate the reported EBITDA number. And try to bury the cash losses as much as possible. Cash is needed to fund the losses, hence the continual financing , wreaking havoc with dilution.
Capital rising?, page-10
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