The only reason the share price doesn't fall too far is the $9m. Spend that and the shares will tank.
What an embarrassment to have a market cap 2/3 of cash at bank?
Maybe the bigger worry is that they have $2.6m in creditors at balance date on ANNUAL sales of $562k.
The lack of any commentary means we can only speculate what has happened. Looks like the future will be good for the lawyers!
The only reason the share price doesn't fall too far is the $9m....
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