Creditors report, page-169

You make absolutely no sense.

They reported cash balance at Dec of $31.4M

They reported cash revenue for the 3 months sep-dec of $22.5M with operating surplus of $10.5M

They reported that they were on pathway to $100M annualised cash revenue

They reported zero receipts from borrowings

If operating surplus was $10.5m for just 3 months and with no borrowings how a few months later do they get put into administration owing $50m not able to pay staff or creditors with only $14k in bank?

How is that a sign that things are looking up?




How is