"Last month, ColorTV was forced to concede – in response to repeated queries from the ASX – that it was unable to even explain its financial position. In any case, there was almost no cash left in the bank, just $290,000. Factoring in the advances received on its invoices, ColorTV was in the red."
another tech wannabe down the drain......VA today finally.
tech dogs and hype.
Only 3 of the original "top tech" 2016 STT companies listed on ASX remain green. and only 8 of the original 16 remain listed today with half + 70% losses
who remembers IAM and the shill WA broker "Forrestfield" and buddies like 952i and Gladiator. I had sussed him out years ago and had a few run in's with his pumps...no wonder he was who he was as a promoter. but the other 2 I trusted......but they were known associates/buddies
