Not gone yet, Explacly. With the R & D grant (our taxes at work...

Not gone yet, Explacly. With the R & D grant (our taxes at work paying their salaries) they might survive into the new year, particularly if they save rent by moving out over the holiday break.

Here's what the directors say :

"The directors believe that there are reasonable grounds to believe that the Group will continue as going concern, after considering the following factors: • The completion of a rights issue during the year to raise $2,070,996; • Anticipation of the receipt of R&D Grant of $920,000. • Successful launch of the Group’s Corona application during the year; • Active cost cutting measures have been undertaken after year end; • Ability to raise further capital based on historical success; • Cash on hand of $1,481,103 as at 30 June 2017; • Net assets of $921,275 as at 30 June 2017."