I was very frustrated I couldnt make the Q&A session! Had a meeting I couldnt move. I think this FY23 update didnt tell us too much we didnt know.
The Q1 4C will be very interesting though. I think closing cash will be $3-4M and quarters of funding available in the 1.5-2 range. Between their auditor/OneVentures/ASX they will need to demonstrate an action plan to bring this above 2. I think this will have to be serious cuts accompanied by a heavily discounted capital raise.
LVT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held