2 Cents by June 2022, page-16

Rubbish, I never said that. I thought it would be close to suspension given the cash position but evidently the ASX are happy with what IOU have told them. Personally I find it hard to believe their story, given that over the last three quarters, IOU have burned on average $4.6m on operating expenses each quarter (check the numbers for yourself) and that obviously excludes payments to merchants… note they spent $1,064,000 alone in staff costs, and $1,375,000 in corporate/admin costs alone! Do any of you bulls actually read the 4C’s and compare them to prior quarters…?

Anyway, IOU are still hiring so good for them, but guess what - the sharemarket is going to get asked to foot the bill again sooner or later. Don’t say you weren’t warned when it happens.