Ann: Half Yearly Report and Accounts, page-6

I'm afraid you make the incorrect assumption that my lack of comment on the half yearly must mean I rate it - I don't.

There is nothing particularly new in the financials that we didn't already know from the last two 4Cs. The commentary is the usual blah blah blah from PO and the revenue and regional breakdowns do not show any indication of growth in the VVM app.

In six months total trade and other payables has risen another $47,965 from $450,183 at 30 June 2020 to $498,148 at 31 December 2020 so despite the increase in revenue they still aren't getting on top of their creditors, in fact they are going backwards. That is a major concern. Current assets dropped over $200K from $554,335 to $341,491 and net liabilities are now $667,968.

How on earth you think anyone could possibly "rate" this report positively is beyond me.