Earnings in Q3 FY20, page-4

I don't think you can count the $1.6m debt as having to be paid straight away. I think someone's research mentioned the debt could be converted to equity. Even if it is not convertible, the cash position is probably $2.5m inclusive of $1m burn on operations (this is assuming $500k receipts and $500k for repayment of borrowings).

Also they have assets as I'm sure they purchased equipment or were going to with the funds raised before listing.

Unlikely they will look for another RTO as this one was just vended in.

The quarterly is due at the end of this month. Let's see how they go.

This, IMO, is very cheap. I'm not buying but in hindsight wish I had waited. Probably should have done what super did and sold after this listed. Then waited on the sidelines and bought back in when the business picked up.