Yes, they were planning expansion but they were very clear that it wouldn’t be through the debt route.
@pahaaadi I see this as a red flag, as they were quite confident about repaying debt, I was very excited about this company, especially after the last call, this quarter they had disappointing results.
They had partnered with Anko and mga which should increase volume in the toys segment which we couldn’t see in this quarter, but the most off thing is they chose to not share anything with the investor, after 2 quarters of good results they had concall, they had investor presentation, now just after one disappointing quarter they chose to skip it.
Also, I tried contacting investor relations 2-3 times, but they always made excuses and did not connect with the management.
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