As alluded to in the presentation the debt was used for value adds- acquiring remaining 40% of kipoi (required for better financing options and potential takeovers), and to fund the move to cathode with the sxew plant. While it's a fair amount of debt now given our market cap it was used for things that should add value down the track, it's not like they pssed it all up the wall...
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As alluded to in the presentation the debt was used for value...
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