"current sales levels modest" - "optimistic sales levels can increase" - "projects in the pipeline (projects page on website hasn't been updated in 12mths) but it takes a lot of effort to get them over the line" - "I would like to think we can return to positve cash flow by the end of this year"
WTF so even though sales are currently modest and it takes a lot of effort (& time) to land sales (and then more time to receive payment), he reckons in the next 3 month there will be positive cash flow? Is he even taking into account now increased wages and legal fees being incurred ?
And they're working on getting suspension lifted ? They've got less than 6 months to lodge all the overdue financial reports they haven't lodged or they will be delisted. The auditor is not going to sign off on them as a "going concern", nor the 2024 accounts by the sounds of what he's said here.
Their suspension wont be lifted and they will be delisted, either in February or August next year.
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