Negative Cash FlowDocumented negative operating and free cash flow represent a persistent liquidity drain. Without sustained positive cash generation, the company will need external financing or asset sales to fund capex and operations, increasing dilution or leverage risk and constraining strategic flexibility.
Lack Of ProfitabilityNegative net and EBIT margins and a negative ROE indicate revenues are not converting to shareholder returns. This reflects structural cost or non-operating pressures; unless operating expenses are cut or scale improves materially, profitability and sustainable shareholder value remain at risk.
Very Small Team / Limited ScaleA headcount of eight denotes constrained internal capacity to run mining, platform development, compliance, and asset management simultaneously. Small-team execution risk can slow product rollouts, increase reliance on outsourcing, and limit the firm's ability to scale operations profitably over months.