This one can be summarised super easy. A greedy board full of...

This one can be summarised super easy.

A greedy board full of related party agreements (Refer to the recent prospectus)
Amazing at spinning pure crap with their financial results that are supported by the Australian Government (Dec 4C)
Cash flow positive thanks to the fire sale of assets and not paying creditors (refer to half yearly results).
Massive blow out of creditors
Recently issued a convertible note at 2.7c, half the share price at the time. The board obviously thought they did a good job so they have themselves a pay rise. Meanwhile during COVID they cut all employees pays.
History of burning major shareholders, John Kolenda stepped off the board and Magnolia has been fighting them since they stepped off.