"The Company had a cash balance of RMB 16.4 million as at 30 September 2015, with net
cash outflows for the quarter of RMB 17.4 million" & "99 Wuxian continues to maintain a focussed and disciplined approach to cash flow management and growth of the loyalty point redemption business whilst actively pursuing a range of financing options to support the growth of this business segment over the longer term"
and here comes the cap raise.. interesting to see how this plays out. Clearly revenues are growing and so is the business. But due to the wait to collect receipts NNW are going to have to raise capital. I wonder if those that provided the funding will be happy to do so again (considering that their investment is at a significant loss currently).
NNW Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
