Yes it's not good for WHK. They aren't closing the US deals in a timely fashion (Covid delays so they claim) and are running out of cash . Might need a dilution CR to survive.
I thought TNT might be running the ruler over them for an entry into the US market and with more weakness ahead could pick up WHK at sub 20c per share but not sure if they want to. The US has been the downfall of many Aussie companies.
Ann: Appendix 4C - quarterly, page-99
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