Ann: Results of Meeting, page-22

Doesn't look great some of the high pay packages for management but by the sounds of things they're working pretty hard at trying to generate positive cashflow.
Those relocation costs could be all the travel Josh has been doing to set up new business in Canada, Ireland, UK and Germany.

I had a look, Josh and the other directors all still have their IPO shares. They haven't sold. They couldn't actually sell for predetermined time periods. This is listed in the prospectus.
Mancann and Hootch on the shareholder registry is the other directors holdings I believe. Or at least they are somehow linked. Relatives and such. They put forth 2mil and 1.5mil respectively. Currently worth ~$350,000 and $262,500.

The Directors have been at the business from the start, they have bought in and have a real interest in seeing the business succeed.

I think there was mention of the management reducing the market cap from 200mil?
Well the company was never worth 200mil, it's still not. The company was pre revenue and people drove the price up to $1. That's 5 times the IPO price of $0.20 which was already expensive for a pre revenue company in a new market.

Management also doesn't control the share price. If they had that power the price would be significantly higher.
Josh had ~$11,517,730 in shares at IPO. That went up to ~$57,588,651 at a share price of $1 (He couldn't have sold there even if he wanted to), his shares are down to an all time low of $1,900,425 at a share price of 0.033.
He's put like 8 years into the business and as the largest shareholder he has more reasons than everyone else to ensure the business continues.
The annual report said they have further room to cut overheads. That's probably already happened.

No news is good news at this stage I think until the quarter is done. I'm hopeful they will announce positive cashflow for Q1 FY2024 which will see a spike in share price. Likely another cap raise to provide some further working capital and reduce some pressure. Then hopefully more sustainable positive cash flow growth.

I like the company. I'm hoping it has a great future. I'd rather not see any hostile takeovers at this share price. I think the management has earnt the right to keep their company.