Imagine what will happen when they have to start cutting costs
any pathetic revenue growth will be eradicated.
they must spend $4 to make $1 at the moment -
they have no chance overseas when they can’t even get traction locally.
Another 1pg case study in the making that will damage the credibility of the ASX
IMO they couldn’t raise from VC. Hence why listed.
My strong bet is that this will be sold for cash backing or there abouts
Ann: Quarterly Results, Appendix 4C and Appendix 3Z, page-8
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