Ann: NNG Maiden Profit & Appendix 4C Clarification, page-17

Although I do appreciate your commitment and efforts for trying to bring NNG back on track, but Pete the major underlying issue of poor balance sheet (even negative working capital at the moment) is still very concerning, amount of short term trade payables, leasing liabilities vs cash available is just concerning to me.

Running a business in this high interest rate climate is already difficult, plus the losses isn’t likely to end for FY24, not sure how yourself or any other loss making tech companies will be able to survive this FY.