I wonder if they expect to need a CR imminently…?I hope so, it’d...

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Gerrado

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15/02/24

17:13

Post #: 72428799
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Originally posted by FrankieAlfie: ↑

Let's cut through the BS here.
The only pipeline that matters at the moment is the financial one.
- nice bit of tricky accounting on the last quarterly. Amazing how they ended up with exactly two quarters. if it was less than two quarters then they would have to answer the following:
8.6If item 8.5 is less than 2 quarters, please provide answers to the following questions:
8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

- with two-quarters of funds left they must raise. It will happen very soon. Who will they raise from? but what's worse is the realtek loan. 2.5 million maturity 7/9/24 at 8% interest rate.
- They have the half-yearly due end of the month.

For too long posters on this forum keep talking about the future. Right now the company is as good as broke. Time may be the issue for some, and they are right. There is no time to increase sales to get the money to survive.
There are a few questions for old mate Ronn!

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I wonder if they expect to need a CR imminently…?

I hope so, it’d be a shame to be unprepared.

NUH Price at posting: 8.8¢ Sentiment: Hold Disclosure: Held
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I wonder if they expect to need a CR imminently…?I hope so, it’d...

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Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

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I wonder if they expect to need a CR imminently…?I hope so, it’d...

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Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

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