Ann: Q2 2020 Appendix 4C & Commentary, page-94

Fatman
I see that there is little the company can do in the short term. COVID is a real revenue killer

They have reduced expenses to conserve cash and they need more revenue which is dependent on US opening up.

They have the seasonal the impact of advertising revenues but I am not sure how this will play out with the COVID impact.

All they can do is keep adding new revenue streams and hope the US kicks back in the next few months so they can get to a cash flow break even position before year end

In the meantime they will have to issue more shares to pay the Alto loan.and some of their creditors There is no other choice,No one will loan money to them and a capital raising would probably be pitched around .002 so I dont see the point.

This is all about COVID and the resulting revenue impact and whether the lost revenue will return.

If the revenue returns then it's a multi bagger from here

If not then probably .002/003