Ann: Appendix 4C - quarterly cashflow Jun18, page-16

Looking at their Cash Flow - Two things come to mind.

Firstly, THD have for once, excelled in something. They are an exceptional employer who clearly pay management and staff extremely well - 1.567 million for the year. Not bad considering they collectively were able to generate 51 k in revenue, not profit.

Secondly, at the rate of cash burn with their Highly paid Staff and huge Admin Costs, they have less than a year to pull a rabbit out of their collective Hats (or somewhere else) before the dole queue beckons. Cant see anyone touching them with a barge pole after the last humiliating CR, so no more handouts from the public for this talented crew.

Personally wouldn't give you .3 of a cent for these, unless something a little more sensible is being cooked up behind doors to rebadge and remake this rusty shell of a company.
Good Luck