Shorts came down with the ~14m line on the 19th. Think the shorter was actually targeting the line of 50m that went through on 23rd.
Positive cashflow is a while off but should start to see improving cashflow in next couple of quarters. Will have some residual costs this quarter with CEO and CFO payouts this quarter but hopefully they will call those out at the time and we will get an idea of underlying.
Think sales growth and cost reductions the first keys to improved share price. This will be well underway if they can demonstrate a path to cashflow breakeven IMO. Should be small multibagger by the time it gets to cashflow positive if they can do it with current cash.
IPD chart, page-810
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Mkt cap ! $133.5M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 30000 | 1 |
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