Ann: December Quarterly Appendix 4C, page-9

Well I certainly hope the new CFO can sort out the capital position required for this company.
The short term ad hoc funding is getting harder to follow. Recent Ann stated Atcor had organised a working capital loan of $880,000. Ann was 10/1/23 however it was noted that loan was "facilitated" in December which suggests that funds were provided in December with perhaps paperwork all finalised later!!?
This of course means that loan proceeds were included in December quarterly and there was an amount of $800,000 included from loan proceeds. However loan balances as at 31/12/22 were noted as $2,174m which was an increase of $880,000 from the September quarter.
Presumably an error in the 4C as the $80,000 cannot be accounted for with other figures so would appear reconciliations are not a priority.
I could of course be mistaken however I could not find any other loans drawn during the quarter which would account for this discepancy.
Presume they will raise additional funds this quarter (as stated) by way of another placement and as there is an EGM to come soon in regard Nasdaq listing we may Directors once again participate with approval able to be obtained quickly at the EGM!
Guess we will know soon enough.