hold on there roboshan

1. There is a great deal of difference between gross cash flow and net cash flow. It is clear that this thing is still bleeding cash.

2. Debt covenants. With this level of bleeding the company could be or was in danger of breaching significant conditions of its loan, triggering default conditions.

3. It is hardly therefore likely to be able to borrow more money!!!!!!!!!!!!!!!!

4. Hardly in a position to make a further share issue at a realistic price.

Of course they had/were forced to sell Carnilya.

They need cash.