Ann: Preliminary Result Commentary, page-53

Yes they need a new issue.

Remember Norman promised and even personally guaranteed an investment of $5,940,000 on or before 3rd March 2020.

But he seems to have changed his mind and is now going to try and find some others to fulfill this obligation instead. Makes sense I guess I mean why would you want to buy shares being issued for your company at $0.054 when the share price is a good 30% below that.

But it also means the Chairman cannot be trusted and that doesn't bode well for the company.

Disc: Sold out completely at $0.047 after the results.