Ann: Appendix 4E and Annual Report, page-5

What a speculation that the top then holders not likely to vote Yes., LOL


The financial statements have been prepared on the going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlements of liabilities in the ordinary course of business. During the year ended 30 June 2022, the Group incurred a net loss after tax of $7,095,510 (2021: $6,774,495) and a net cash outflow from operating activities amounting to $4,014,787 (2021: $5,664,212). At 30 June 2022, the Group had cash and cash equivalents of $2,290,552, net assets of $689,561 and net working capital deficiency of $673,218.

The Directors believe that if the Group is unable to manage cash inflows and outflows at amounts as necessary to meet future operating plans, there would be a material uncertainty whether the Group would be able to continue as a going concern. However, the Directors are confident that they will be able to generate cash inflows (primarily by way of external funding arrangements including by way of a capital raising) that will provide sufficient funding to enable the group to continue to be able to pay its liabilities as and when those liabilities fall due for a period in excess of 12 months from the date the financial report has been signed.