So they need to raise 1 million by the end of November And the...

So they need to raise 1 million by the end of November

And the directors will reduce their remuneration in order to pay the loan sharks

Cash flow forecasts have been prepared on this basis whereby Directors have determined that capital raisings of circa $1m will be required by end of November 2023 to support their going concern assessment.
• The Directors agree and intend to defer payment of remuneration obligations should this be deemed detrimental to third party
creditors over the coming 12-month period.


Company is doomed, 8mill loss 2022, 17mill written off 2023, Buxton still invoicing AQX 360k a year + GST into his ATB trust fund to pay his mortgage and school fees ....