Thanks @GrowingSlowAndFastThe market is a bit sketchy at the...

Thanks @GrowingSlowAndFast

The market is a bit sketchy at the moment, but I feel VNL is a company prudent with expenditure and on top of cashflows / funding requirements.

It has been a while and many changes to the business have occurred, but I recall Beth stated annual overheads were approx $2.8mil. A source (maybe more sources).

https://hotcopper.com.au/threads/ann-quarterly-activities-appendix-4c-cash-flow-report.7000579/

Vinyl could stop spending, and run the existing business as lean as possible to become cashflow positive. Vinyl.com alone, an ecommerce site, could be cashflow positive / profitable like other similar websites (but just a ecommerce site). I'd prefer them to continue as they are, spending / investing, and become a giant in the industry via successful verticals, which is what their announcements suggest is the mission here. My view is there will be a point where organic growth surprises us all, as a result of the synergies we have. Short term cashflows can appear not so great when a company is expanding/growing like VNL. They are making clever moves that should pay dividends in the future.

I think VNL is fortunate to have a classy management and investors, very savvy / experienced with the strategy employed, and they should shoot for the stars, not settle to be a minnow that is cashflow positive. They are performing a master class IMO. I think all investors including yourself would feel the same, but understand the short term cash burn may distract with the progress we are seeing.

I hope that helps explain my previous comments, apologies if they came across as rude. Cheers.