Another quarter, another round of excuses.
'Due to suspensions, extensions granted to partners'. Uhh what? Surely your product integration and launch in countries other than Australia is not contingent on being actively traded on an exchange. Yet another red flag that their product simply doesn't work.
Also still love a superlative 'strategic AUD$15m funding strategy...', and 'macro-economic and geopolitical stressors - all of which have dampened the velocity...'.
They've also regurgitated the $6m Oakley Capital Engagement details. 'Subject to shareholder approval at a general meeting of shareholders that is expected to be held this June...'.
$21k cash at the end of June after they paid themselves. Looking pretty grim, administrators cannot be far now, possibly already insolvent if they're burning $66k a month with only $22k coming in from receipts?
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