Agree, from my understanding of tax obligations, the 2023 tax should have been paid on 1 December 2023. They may well have created a payment plan with the ATO to pay it off (not out of the question). Considering they only have $16.6 million in cash as at 31 Dec 2023, cash flow is a real concern. This is another red flag of how poor management have been recently, they were solely focused on getting cash to shareholders and not thinking about their statutory obligations. Extraordinarily poor management, this is why many companies go bankrupt.There is some detail and commentary in the interim Financial ReportThey may have very minimal debt, but they certainly have a crap load of liabilities.
They may have very minimal debt, but they certainly have a crap...
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