@Happydogs, the company has never said that. This is completely incorrect and misleading.
The CEO said they have enough funds for non-discretionary monthly overheads. Will let you look up what that means, but its basically the opposite of 'fully funded'.
"We don’t have any committed capital raising plans at the moment and currently have sufficient cash reserves to cover our non-discretionary monthly overheads for >18 months "
The Report yesterday however was a little more cautious and pragmatic with the company said they would need further funds in the next period (ie: the next 10 months) and had options available to do this. The auditor highlighted the same.
Ann: Appendix 4D and Interim Financial Report, page-68
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