It is a difficult report to understand for me due to the way the company has its debt which I struggle to get a read on.
It does look like the only way it is staying solvent at the moment is through interest free loans and deffered payment of directors fees. The report talks about pushing back repayment from Dec 2024 to Dec 2026 however it is silent on if the interest free conditions remain - I assume they do.
Looks like they are banking on the sale of some licences.
What are others reading into the report?
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2.2¢ Sentiment: Hold Disclosure: Held
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