I think they are down to their last 100K. ($97K if I did the...

I think they are down to their last 100K. ($97K if I did the math'd right based on their $200k negative cashflow prediction.) Not withstanding they might be able to access some loan funds for working capital. Might.

This sector is going to get ugly https://www.theaustralian.com.au/business/creditorwatch-reports-food-and-drink-sector-most-at-risk-amid-insolvency-surge/news-story/7179ed1c3a3c76f4ffef260e7edd08ed

• "According to CreditorWatch figures, payment defaults between businesses in the food and beverage sector soared by 31 per cent in the year to May, and there are fears conditions could get worse as the Reserve Bank’s monetary tightening begins to take hold of the economy."

• "The latest figures from the Australian Securities and Investments Commission show 650 Australian companies fell into administration or liquidation in May – up 58 per cent on April and 50 per cent higher than the same time last year."

• "“The new financial year will be a very challenging one for Australian businesses, particularly those in food and accommodation, tourism and retail"" - i.e the target market.

The default rates are already really high on this stock when the economy was going well, as seen in the half yearly accounts here. Last FY the loss recognised was $522,009. If these were to rise inline with the reported default increase rates for SME, I don't know how it continues. These guys are at the 'subprime' end of the market, they will not be immune from the increasing default rates and in fact they may be higher.