up 30%, why?, page-6

Hi ssnagra

I'll pass on giving a view on value but happy to explain my comment. EBITDA is still negative. If that doesn't turn around, this would need a dilutive capital raise. The bright side is, when it goes cash positive, it may and I'd tend to argue should fly. NEA is a clear recent example of this. It drifted down and down until cash positive when it popped back up.

Cheers