Another mind-boggling combination of stupidity and arrogance.
a). Concrete pours and Indian Optiblend sales are both highly seasonal. That is why sales are up 52% for the half year. YoY Edencrete and US Optiblend sales have actually fallen 32% and 60% respectively.
b). ASX listing rules requires a guaranteed minimum of two quarters funding under the Ongoing Concern rules. Suspension is automatic for companies unable to comply.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-13
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