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Bruce72

26,333 Posts.

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20/03/23

14:12

Post #: 66859518
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Originally posted by markone2: ↑

G88

Extreme caution should be exercised.........Insolvency Beckons

We draw attention to Note 1 Going Concern in the half-year financial report, which indicates that the Company incurred a net loss of $652,640 during the period ended 31 December 2022. As stated in Note 1 Going Concern, these events or conditions, along with other matters as set forth in Note 1 Going Concern, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter. *

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markone2 have you read the whole report, very selective journalism.

they are in the process of raising up to $1.3 million as per the rights issue, which has not been included in this figure.
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