Debt facility NEEDS to be out soon. It is something he brought on himself with all the announcements around it. Granted, there is always a lot of red tape etc and things take longer than expected. Hopefully in the future, the company will be more conservative in their timelines. The facility is needed to really take advantage of the last quarter even at the sacrifice of some margin.
interested in the bs and especially legacy debt. The August numbers need to be at least 1.7mil imo. Things are heading in the right direction but at the cost of dilution unfortunately. It's obviously not all happening at once, but Rome wasn't built in a day. I would expected somewhat of a re-rate once profitability has been reached and the legacy debt wiped or become insignificant; it would be puzzling to see a profitable company with a lower market cap than a loss making company (or one not even making cash yet and just full of future promises). All imo.
EN1 Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held