So they view each of Brace and VITCS as worthless as they have written off (impaired) the entire acquisition costs of both? How does that reconcile with the positive outlook statements they have continued to make?
$1.25M of "Other payables" classified as current vs $1.9M of cash. Receivables just cover trade payables.
Clearly an equity raising coming in the short term but how can you raise money when you declared the value of your only assets is zero?
Ann: Appendix 4E and Preliminary Financial Report, page-2
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