Yes this is an absolutely horrible quarterly.
One of the biggest losses in the companies history. ($5.2 million loss ) one of the lowest ever customer receipts (1.4 million, down from 2.2 last quarter) and one of the highest staff and admin costs $4.4 million.
Like always management and directors getting paid well, the company only has 1.6 million left , cant even stay open for a quarter longer with this cash burn.
Add to this all the controversy with inside dealings, who on earth would be buying this stock now? Its still valued at 55 million, this would be over valued even at a quarter of the market cap.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6
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