It is a very conservative approach to run the business with next to no debt. I think there is directors loans of $2m of which $1.2m has been used at end of quarter and they have $2.4m in bank.
So they are getting a debt deal, hopefully for the only reason that they are ramping up conversions as 2 states now.
They have so much good stuff they could tell the market, what about the EV charging stations. They were rolling out in August 2016. Also the move into the ACT? No update since July 2016.
They owe us more in relation to the direction of the company. They are doing a great, albeit conservative job of building the company but I would love update on the 2016 presentation, done professionally not by a office person (had spelling mistakes in October update)
things like moving into ACT and NSW build hope, get people talking, i still reckon the market doesnt know we are in NSW as we only found out as we had to ask.
I did notice they were going to provide investor updates out of 4C cycle so lets hope this starts soon.
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