Well as I had suspected. At June 30 the company was borderline...

Well as I had suspected. At June 30 the company was borderline solvent.

$129m current assets $126m current liabilities.

If we strip out some of those questionable "prepayments" in the current asset position, it was a zombie at June 30.

During July before the capital raising it was on the wrong side of the cemetery.

What are the headlines the promoters cry - $73 million cash at June 30! Don't mention the $110m trade creditors at June 30.