CF1 0.00% 2.1¢ complii fintech solutions ltd

Ann: Appendix 4E & Preliminary Final Report, page-2

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    2018 FY revenue $624K up 32% from 2017 FY
    2018 FY losses $3.66 mil down 16% from 2017 FY (almost exactly the amount of debt to equity conversion of what MF was owed being $750K) so no real decrease in losses

    Tangible assets written down by $1 mil
    Employment costs up by over $1 mil

    IAM in 2018 FY reduced its cash balance by over $300K per month
    The CR therefore assuming tranche 2 gets through, gives IAM another 8 months working capital on top of what they already had left
 
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