This doesn't pass the sniff test.
The FY18 result was a NPAT loss of $17/18M, with net cash of $55M, and this was AFTER the write down for the disaster solar project.
Then they raised $100M, about $12M of that in fee's, so netted $88M.
So 6-8 weeks ago they should have $nearly $150M cash (lets assume revenue and expenditure for the few months were break even).
WHERE IS ALL THE MONEY !!!!!!!!!!
Ann: Appointment of Administrators, page-33
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