Page 6. Future Developments, Prospects and Business Strategies. Disclosure of further information regarding likely developments in the operations of the Group in future financial periods and the expected results of those operations is likely to result in unreasonable prejudice of those operations, or the state of affairs of the Group in future financial periods Interpretation - The cone of silence continues. Ho....hum.
Page 17. Cash and cash equivalents $2,869,538 Interpretation - Getting lower on cash and its equivalents. Hope that second R&D rebate application comes in with a handful of change.
Page 19. Net (decrease) in cash and cash equivalents held ($1,005,476) Interpretation - Simply that we chewed through $1 million in 12 months. Ouch!
Page 33. (a) Revenue from continuing operations - Interest revenue $57,542 Interpretation - Our second biggest income stream after the first R&D rebate. Awesome hey.
More to follow in coming days.......
Anybody compare the top 20 shareholders in this report from the 2017 report ? I notice that GR Engineering is still the top holder. They make no specific mention of this holding in their 2018 report. But then again why wouldn't you try to hide it away given the crash of the share price.
CRB Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
