Jim
that payment would put them circa over 3 m in debt again ( with payables and penalties ) so technically speaking they are once again in deficit a few days after a massive dilution and placement
my goodness they have an EV of about 15 m
can you imagine what you can buy for 15m
accumulated losses now 90m and counting - 10 years of losses and continuing
new records being set left right and centre
whats not to like
they have diluted so much that every 1c increase would be the equivalent to a 40m market cap increase
Ann: Successful placement and debt conversion, page-97
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