RE: Director Overhang?31 Mar 2023 11:34
Such interesting discussion re cash burn- how does one develop a game without spending money? I don't see how you can't capitalise it either given its nature. You'll have no idea if its been "burnt" until you wind forward 2 years to see if its generated any return. You'll see the exact same treatment at TM17 for example
Interestingly the current cash level exceed the proceeds raised at IPO so cashflow has actually been generated and not burnt since listing (even including this investment phase in the latest financial year)
Strikes me this is now a "show me" story over the next few years. I'm interested to see the size of insider purchases, particularly those of the CEO which he said would be forthcoming in the presentation.
FYI Re the Feb 9th trades, pull up the history and you'll see that some duplicates have been deleted and you're left with (presumably) equal and opposite pairs, which look like roll-overs
I'd have to agree that the CFO does not instil confidence