Also concerning to read from the audit report four observations:...

Also concerning to read from the audit report four observations:
1) The Group/TD1 incurred a net loss of $4,858,273 during the year ended 30 June 2021, and for the period ended on this date,
2) TD1/ the Group’s operating cash flow for the year was an outflow of $5,798,046.
3) Uncertainty around the breadth and duration of government policy and regulations governing individuals and businesses due to COVID-19.
4) As noted in note 2(b): in order to meet forecast operating cash requirements, the Group may need to raise funds from other sources which may include raising capital or securing debt facilities.
These events or conditions indicate that a material uncertainty exists that may cast doubt on the Group’s ability to continue (as a going concern)

ALARM BELLS for Shareholders - dilution and the projection that the company has 1 year of cash runway!!!!