$24k in customer receipts. $42k for equivalent period last year.
The end has to be nigh.
They are paying 14% interest for an advance on the rebate. They only have $680k available from L and D.
The management of this company has no clue whatsoever. Bunch of old goats sitting around a table dreaming up what product they can develop next. All the while forgetting that they actually need to sell stuff. Has to be the worst management in an asx listed company, and that includes HCT.
If anyone can tell me how this is not trading insolvent, I'd love to know.
