borderline whether this is a going concern, not matter what they say.
Exiting Managed Services may be right, but it generated reveune $5.46mil & EBITDA $883k. How are they going to cover $883k EBITDA going forward???
Total revenue for the half was $12.67mil & EBITDA $2.49mil.
negative cash flow of $1.45mil is not good!
$152k tax liabilities that are overdue and subject to payment terms is not good!
$1.5mil overdue to creditors is not good!
$1mil in cash is not good!
I don't care what these guys do from this point on, I wouldn't invest one cent with this lot.
Sorry to anyone still holding this.
what is the real story, page-37
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