RE: Re post 2042hrs27 Jul 2025 07:58
Hi Sand, the $4.2m end of March is very real (audit would be signed off very late)
Reasons I am Bullish
$4.2m 31/3+Bake purchase $2.4m (guess )+ Integration&Meta $2m(guess)+ Semnet Nasdaq down payment $0.4m = $9m
We had $2.9m 30/9/24 and raised $3.3m (for integration)= $6.2m. $9m - $6.2m means $2.8m cash generated.
The caveats to this are, how much did Bake and integration really cost. But Tone told shareholders $4.2m for a reason, (as I was concerned we were only at $1 to $2m at that point.)
Regarding Semnet Arbitration I am relaxed on this as I believe it will only causes a delay to our profits and as an investor we sometimes have to be patient.
GST is being very well run in my opinion, that is why I am invested here.
GLA shareholders