Hokey,
1. all the cost you mentioned is in the operating cash flow, $33m marketing cost, $15.5 freight cost etc will all be well support by operating income and free cash flow will be well above $20m in the coming year.
2. Its stated very clear in the report, spending in the US will be reduced to US$20m-$25m (AZ$27m-$34m) over the next 2-3 yrs prior to positive monthly EBIDTA, compared with current yr ($20.5m). without considering you sentiment and intention, what makes you feel they need a CR? What does "bolster balance sheet" means?
3. yes, maybe they want to play safe and have spare cash to support operation, maybe looking for acquisition target, we will see in the AGM.
Cheers.
A2M Price at posting:
$1.74 Sentiment: Hold Disclosure: Held
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