Looks like they’re running out of cash fast, albeit in a weak period for tutoring. I assume this is what weighed on KME yesterday too given the drop.

Probably need a raise in next 9 months and not sure what cap markets will be like whey they do - or cut marketing expenses significantly. They’re talking profitability in FY24 but will see.

Wonder if KME could even be interested in making a bid in future, it would be good having an irrational player out of the market.