Sounds completely wrong to me. I'm not sure how you come up with either $1m or $300K in the bank.
The financials at 30th June state there was just over $2m in the bank.
Yes there's trade and other payables of $1.7M but there's also $783K of trade and other receivables as well as nearly $1.8M in inventory.
It even comments specifically on working capital in the last financials 'The consolidated entity's net working capital, being current assets less current liabilities is a surplus of $2,215,618"
Sounds completely wrong to me. I'm not sure how you come up with...
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