Yep, management is in panic mode, that is clear from this mornings announcement. More dodgy numbers released to the market, just not believable in my opinion. Also, the company recently stated that they would not require capital in the short term, yet here they are needing a director loan fro JG to stay afloat. This is on top of the $1 Million credit facility that they have already maxed out, which is due and payable in December. How the hell are they going to come up with that? Asic needs to do a thorough investigation of all involved in this mess since day 1. What a farce.
Simply mind boggling, page-4
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