The cash balance will be very low. It doesn't take a genius to forecast it.
We know they've drawn more than $10M from facilities and their expenditure is around $30M per quarter. That leaves us with about $15M, subject to timing of receipts and payments and bad debt stats.
It's a precarious position considering they want to acquire Payment Assist and need cash to ramp up their US bid.
BNPLs may fold soon or be acquired for chips.
The cash balance will be very low. It doesn't take a genius to...
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