Does this mean they are trading insolvent now? As the $2M was part of them stating they are a going concern. $2M isnt a small amount and would have been material to that going concern.
With the tax debt (that if unpaid they then are on the hook for interest) + the loan debt $1.3M @ 16% + obligations to the team how are they able to operate solvent?
I guess that's what the $1M extra raise is for but it feels like you cant keep this up
Does this mean they are trading insolvent now? As the $2M was...
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Last
0.4¢ |
Change
-0.002(27.3%) |
Mkt cap ! $9.99M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $34.15K | 6.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 22484834 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1250000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
0.4¢ |
Change
-0.002 ( 33.3 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.4¢ | 3410000 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| MKL (ASX) Chart |