So as I see it total amount paid for salaries has gone up, previously it was $631,881 now it's around 30% higher to $935,880.
This 30% increase also contributes to a total loss of $4,357,282. This doesn't bode well considering the conversion of options according to this report amounted to $4.12 million, which means the amount raised is less than the loss attributed to the company. Admittedly this was for Bacchus Marsh and I'm still reading the report, but I haven't seen the substantial profits alluded to in previous announcements with Coldry sales.
The timing of both of these announcements seems to be a one two combination, interesting to see the trading tomorrow, whether the sentimentals drive the price up or the financials drive it down.
