They currently have circa $125M cash, with ZERO debts (Yes, absolutely 000000000000000 debts).
Our company, despite not producing at "Name Plate" is still generating excellent profit each quarter.
We added more than $50M cash to our cash balance last quarter. That is almost HALF of what the company is currently Raising!!!
And if we did that over a period of 4 quarters, that is circa $200M (doubled the amount they are raising).
Refer to June Cashflow statement below:
https://hotcopper.com.au/posts/68938873/single
Now, if we needed to raise:
- Why NOT borrow 100% and if we can't borrow 100%
- Why NOT borrow 50% and raise 50%???
Let me repeat: our business is generating positive cashflow of $50M each quarter!!!
They currently have circa $125M cash, with ZERO debts (Yes,...
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