The numbers are still fairly low relative to the forecasts at the time of the Track acquisition. I've got no doubt the Q&A success has come due to the assets from the Track acquisition, but you have to question at what cost given the destruction of value implicit in the purchase. Ideally, free cash flow is in a position now to accelerate Q&A growth given its high working capital requirements.
Regarding debt, I thought the below quote from the announcement makes it pretty clear how the capital raised will be used? Agreed it's not concrete which would be nicer but I'd be highly put out if they stated this and then didn't actually tackle the note fully.
CM8 Price at posting:
15.0¢ Sentiment: None Disclosure: Held
