Hi tigerman8
From memory there was only around $300k in the bank on the last set of financial statements and I think the amount to creditors was greater than this (I could be wrong on this as I haven't checked). I wondered at the time whether the directors were trading insolvent. The fact that the company remains in a trading halt must be raising the interest of ASIC (if they haven't already become involved).
debt & convertible notes outstanding, page-2
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