yifuj, imo you are right on the ball with the $19m debt concerns while a company is still in the early stages of growth.
Using cashflow for expansion vs paying down high interest rate debt
Launching low cost or minimal cost highly speculative apps may not necessarily deliver the revenues and earnings the company anticipates ( concept of spending money to make money)
Rapid expansion in a range of business activities( acquisition ) requires proper integration of all businesses in their chosen market segments
The use of funding- debt for acquisition can led the company to being hamstrung with high debt levels and a high interest rate environment
This is what occurred with Destra and many other techs
This is my well balanced and realistic opinion only - Not Advice
DYOR
CM8 Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held