Ann: Trading Halt, page-16

It's just of the many worthless Perth tech lifestyle companies listed during the 2015-16 frenzy. None of them have any meaningful revenue or tangible assets after 7-8 years of trading. Virtually all of them are surviving on CR and spiral debt funding. Quite a few have already disappeared.

Mike Cannon-Brookes once said he was personally aware that many of these companies had been rejected by VC before listing on the ASX, [A company that can't raise a few million dollars from private sources during a mega-boom probably has nothing of value.]