$74,000 in the bank a month ago so would 100% now be in the red considering the burn. Explains why they can't legally start trading again unless they can raise.
Spend has been brought down significantly which is never a bad thing but $350,000 of that is out of wages (not out of the directors pockets/companies). The spend on Adroit (Rahals Indian company) remains the same at around $250,000 which means they have almost certainly fired a bunch of staff in Brazil or they just literally couldn't pay them.
Can't see how you could woo an investor with the amount of shares on offer and con note debt. Looks like the end is nigh for mine.
