Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9

  1. 267 Posts.
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    My reading is they had to buy 2500 units to become a reseller.

    They've realised this was a mistake, and they weren't moving the units. (and it was costing them a lot in storage fee's - can't exactly store 2500 units in the tiny terrace house they rent)

    So they've sold their inventory in bulk to another provider with payment due Q4 FY2024.

    And they're now trying to enter into a contract with a different sat provider.

    0.3 Quarters of funding available? so 1 month. And they are hoping that the sale of the starlink inventory will tide them over and fund them.

    In the famous words of Dr McCoy, "It's dead Jim"
 
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