Based on the cashflow receipts for past 6 months would take 6 years to get rid of the inventory, which would become obsolete progressively from 2 years from now (based on previous cashflows when it was manufactured). Expect a huge impairment in the half-yearly accounts.
Based on cash balance at the end of December 2023 and the cash burn, they should be at zero dollars right about now.
I don't see how the auditors would pass it as a going concern, unless they breach their duties.
I expect the company would be tipped into administration sooner rather than later and assets be turned over to Hyslop in satisfaction of his convertible note.
Sell while you can situation...
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Based on the cashflow receipts for past 6 months would take 6...
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $9.536M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.7¢ | $189 | 7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 158150 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 304864 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 158150 | 0.027 |
5 | 1432050 | 0.025 |
3 | 166720 | 0.024 |
2 | 270000 | 0.023 |
2 | 145450 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 304864 | 1 |
0.030 | 1118200 | 2 |
0.031 | 126391 | 3 |
0.034 | 88000 | 1 |
0.035 | 127000 | 2 |
Last trade - 15.39pm 27/08/2024 (20 minute delay) ? |
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