The "Finance facility establishment fee" disappeared in the Annual Report. Sure, there are accounting things and the auditors would have helped with this, but it just doesn't go away totally. It has to be accounted for somehow, either now or in the future.
There is no CFO and the funding and share/option issues seem to be ongoing and their latest CR is only kicking the can down the road. Someone on here said that the CR would be open to current holders, but it ended up that was the case only if you were a sofisticated investor. They have been very quiet and haven't discussed the Annual Report or the current CR announcement.
Having read the Annual Report, the Balance Sheet is significantly different from the Preliminary Final Report, plus the Cashflow Statement from the Annual Report doesn't align with the June 4C. The waters are muddied and it is not easy to see how the company will move forward with limited cash.
The problem of having someone who is both the Chairman and CEO at the same time is that they have almost full autonomy to do whatever they want with the company. Sure, this will go to shareholders for a vote, but does it really matter?
What a mess.
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