Ann: Appendix 4E and Preliminary Final Report, page-11

I cannot get over the accumulated losses this place has racked up
$63m !!!

Market Cap of $41m

Revenue down 50% over last year to basically stuff all
Increased employee expenses over last year over $10m
$5m in the bank and dwindling
Equity $7m, and only because of the cash they have, and that will soon be gone

Very interested to see what comes out of this "Acquisition", won't be paying cash it will be in shares at some ridiculous amount, which will inevitably drop the share price.

That aside who gets convinced to put hard earned $ or indeed take shares in a company that has little crediibility on the revenue front.
This woudl want to be soemthing real.
I do wonder sometimes !