Balance sheet problems are now a thing of the past and GRB will be consistently cash flow positive from here on. Agree that it is infuriating that management pick and choose their statistics. My estimate for this year was $4m of underlying ebitda and we are on track for this. The most important numbers are the 'sell out' and this was > 20% so when retailers restock in H2 this will provide a boost. Everything looks on track to me. Stock ran up too hard prior to the result so I'm not surprised to see it pull back a bit.
GRB Price at posting:
4.8¢ Sentiment: None Disclosure: Held
