Some decent info in this thread, thankyou contributors.
I wrote this previously in another thread but it was not answered, does anyone know these answers?
1) When does the company actually receive proceeds from the convertible note offer?
2) According to the last 4C, the company expects to be in the red $700K at the end of June. This won't be covered by this funding completely and I doubt we would receive enough earnings to covert this debt in the next quarter. How long can a company operate under negative cashflow under asx rules? I wasn't able to find out.
3) How are the employees getting paid during this time? Are they being paid from the Australian arm or some other entity?
