2023 ETR Trading - Full Explanation, page-24

I wish this were the case. Operating expenditure (costs) in 2022 were $13.9m (2021 $10.2m) versus capital expenditure of $2.8m (2021 $2.3m).

The 2023 half year statements show losses increasing further. Sales $2.5m losses $7.1m.

Sales are now derived principally from the collection of waste tyres. The sales of their flagship oils and carbon char desorption process were $174k, down from $201k in the prior corresponding period. Clearly a flawed strategy and the root cause of the company's demise.