Zoono looking for a BDM in India, page-29

I would agree in most other cases but not in ZNO case for the foreseeable future with their business model, there's simply no need for any additional cash & their first port of call would be the debt markets.

This is a business that is highly scaleable with minimal capital requirements, low overheads & has customers who pay in advance as part of their distribution terms.

The attitude that because they are listed & have acccess to capital markets that they will therefore have a CR irrespective of whether they need it is flawed.

They are generating cash & have over $3.3m+ in the bank.
With the margins ZNO generates they can buy inventory that they can turn into $10m+ of sales wiith that cash number.That would cover 75% of what I anticipate they will sell in FY21 ($13m).

The company would need to sign several agreements far bigger than they've ever signed before that transform the business to the next level & start giving out credit before they need extra cash let alone a CR.

And then there's the point that the CEO owns just over 50%. A CR to 3rd party investors would mean that not only would he be diluted but also he would no longer potentially be the majority shareholder.

I think ZNO will pay a dividend before doing a CR.