Ann: Appendix 4E Preliminary Final Report, page-3

Agree. Taking shareholders for granted.

1) Look at the accounts receivable climbing (2022 - 49% of 2022 sales, 2021- 36% of 2021 sales). Makes me wonder if the sales reported are just to dress up the balance sheet. Why is it taking long to get realise cash from clients?
2) Total liabilities exceed total assets
3) Low level of cash on hand. Are they expecting to find some treasure somewhere!
4) Finance cost of $20,376 - where are the borrowings shown on this balance sheet?

Red flags everywhere! Hope the management takes more care in providing information to shareholders.