Just one point of clarification. We didn't pay close to zero on our debt, the base rate was zero, we pay around 7-10% on our debt
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Mental gymnastics time.
Nov 2022: Refinancing is our highest priority. We can't pay 2022 bonus because we are in the process of refinancing.
Apr 2023: We don't have to refinance until Oct 2024 if we don't want to. We are fine without it.
These clowns had near zero rate for almost 2 years and waited until the inflation was at it's highest point in 40 years to start refinancing. Now they are talking about being profitable (with new investment) by FY 2025/26. Keep dreaming, this company won't even be around by 2026.
its not even June, its just an update....