Convertible note facility now, I cant see this company lasting out the year. Not sure how it ever listed but didnt someone say nearing capacity and its not even close to being cashflow positive.
Also staff costs were 491k for the quarter and related parties (I assume are Directors) made up nearly 40% of it
Imagine convertible note facility to pay 190k in wages per quarter.
Feel sorry for holders but the signs were there, just couldnt see how this business was ever going to be viable/make it to the big time. Its a car subscription service like seriously lol. My local carpenter is probably more profitable
Ann: December 2023 Quarterly Activities Report and Appendix 4C, page-4
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Mkt cap ! $4.293M | |||
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