Pretty dismal looking quarterly.
Debt facilities all but maxed out and hemorrhaging cash.
Could someone tell me, if you turn over an $800k loss on $2mil of revenue, what sort of loss will you see on $4mil of revenue next quarter?
I’d say you’ll be flat broke by Xmas. Major restructuring is needed to make this dog stock profitable.
Between that and the repeated displays of incompetence by management it’s no wonder the share price is flailing.
Ann: Appendix 4C Quarterly Cashflow Report and Commentary, page-235
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