Was considering this company's IPO at https://www.asx.com.au/asx/research/upcomingFloatDetail.do?asxCode=CPV
But I'm looking at their financial reports at http://www.clearvuepv.com/investor-centre/annual-reports/
Revenue: $63k
Expenses: ($780k)
Issuance of ordinary shares: $1.5mil
Hey great, that's $900k more than last year. But it's mostly from issuing stock and next to nothing from sales.
Can anyone provide any insight? It seems as though they're staying afloat only by issuing more shares every year.
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