Let's get this straight ...
The Company doesn't have the $400,000 that was previously announced.
It hasn't yet got the additional $1.2m from the new convertible notes announced last week - and remember that's more debt that it can't repay if it does actually arrive.
It does have $750k of existing convertible notes (plus $150k of interest - $900k in total) due for repayment or conversion on 30 June 2018 (only 3 months away) - or before then if the breaches are confirmed.
It doesn't have the revenue from from a non-existent contract - revenue that has been advised to the market - but the market isn't important enough to be advised of this.
It does have a CEO and Chairman that cares little for ASX listing rules (3.1), s588G of the Corps Law, or compliance with the company's share trading policy.
Please ASX - let the company resume trading so that I can sell my shares and get something back - albeit a pittance!
TKF Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
