I agree. The next 3-6 months will be telling. Management seem to...

I agree.
The next 3-6 months will be telling. Management seem to be very aggressive with their plans for growth. resting on their laurels will see them slip in the SEA markets.
A previous poster mentioned future raisings as cash is low. funds were recently raised at 45c, i cant see them tapping the market sub 20c, some 5 months out from raising at substantially higher levels
IBY has a plan, and it is to dominate the SEA market. their management team is very savvy , and highly experienced in the SEA markets.
Stay the journey longs, we will be rewarded.
Perhaps the $5.2m paydown was a serious play at capturing a larger audience with better quality brands for sale. The asian middle class is currently exploding, watch this space