The balance sheet shows that at the end of June liquid net assets were $6.5 mil.
Net cash outflow next 6 months $4 to $5mil
Fines & penalties to be imposed this year ?? $$$$ ???
You can see why it's no longer a going concern.
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- Ann: PET - Appendix 4D - 1st Half 2023 Accounts
Ann: PET - Appendix 4D - 1st Half 2023 Accounts, page-4
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