Ann: Half Year Results Presentation, page-8

Looking back over the presentation, it appears to me to be impossible to decipher exactly how they're going if you extract Sunraysia and NZ. Page 18 doesn't look good though, showing a loss of 21.2m on projects other than NZ.

Absent some kind of capital injection, it appears reasonable to conclude that they'll be out of business by 30 June.

Also, $30m of overheads is still around 7% of forecast FY20 revenue. That is not something to crow about.

And the way they describe the legal dispute with NZ Govt, it sounds philosophical like Dennis Denuto's The Vibe, not actual variation work which is what they represented before.

My guess re the share price is that it will bounce around 10 cents. Then there will be an announcement that the founder has bought some more shares, which will be sold as him believing in the business but will in fact be him continuing to fork out money for his son Murray to remain as CEO.

Then they will enter a further, final trading halt.