Hmmmm.. so they are going to have a massive $51,000 in cash at the end of the March quarter, plus owe the full $1.5m (at 12% interest), yet still are undertaking buy backs of shares..... riiiggghhtt.
Maybe they are hoping Andrew Forrest will have a dumb moment and partake in their next placement at market price, or... will just borrow more money to buy more shares on market that they cannot afford?
Ann: Quarterly Activities and Cashflow Report, page-2
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