I was out of this a while ago.. luckily in the high 2's. While the revenue is definitely impressive they need to make more effort on reducing cost. The product and manufacturing is simply still too high. They have no debt facility in place yet according to the 4C and very quickly read the above and they did not touch on the cash position. My understanding is that they will get a "please explain/query" from the ASX as to whether they have enough cash. Lets await the response.
I really hope this does well. If they do happen to do a CR, at the right price I may come back in if they can clearly articulate how they plan to grow and reduce cost.
truly magnificent effort to grow so much over the top of the Xmas quarter..
Add to My Watchlist
What is My Watchlist?
