"The Company has sold six LIFSI patents out of the nine LIFSI patents that had previously been acquired for $700,000. The sale will allow the Company to use the funds for current activities."
Current activities must be finding a buyer for the rest of the patents.
"Operating loss after tax was ($5,826,254) representing a 81% increase on FY2018 ($3,217,470)"
So we have Ben-Shabat paying himself $500,000 plus a bonus for the year and his efforts resulted in selling off patents and losing $5,826,254 for the year. Plus the ASX asking him - how is the company going to survive going forwards. Plus the last opportunity for a sale gone up in smoke.
I would suggest from this resume he may be out of his depth in running a public listed company.
Interesting the board accepts this effort as acceptable.
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.30M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 8068 | 1 |
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| Last trade - 09.51am 07/08/2025 (20 minute delay) ? |
| GT3 (ASX) Chart |
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