Ann: 30 June 2019 Accounts, page-2

Interesting numbers.
basically page 4 and 5 sum it all up.
SBANG is the lifeline of M8S.
$18M loan, $4M loan facility. $6M con notes with additional $1.5M, total $7.5M converted into 49M shares post IPO listing at fair value of 20c.
they own 42% of SOI.
for FY19 the rev was $683K, for FY18 it was $1.8M
for FY19 the company had loss of $7.2M. For FY18 loss $1.8M
recent IPO raised $19M @ 20c
current assets amount to $16M in plant/equip.
and current liabilities amount to $23M.

currently 233M SOI
top20 hold 79%.
58M shares escrowed 24months from listing
20M oppies exc at 25c at 3years from listing.
78M shares escrowed 12months from listing.
10M perf rights escrowed 24 months from listing.

revenue of <$1M seems tiny compared to MC of $40M.
please dyor!