$2k in revenue for the quarter.. Jesus.
At least the directors aren't shy with paying themselves.
They have $42k left in the bank, with $877k accessible from the loan facility. I wonder after they tap all the money available for salaries, how they're going to pay back the initial $1m loan + 10% fee? Whoever the lender is, is about to lose a lot of money. Or perhaps they will do another cap raise to pay back their debts like they did last year.
They didn't even answer item 7.6 appropriately. Omitted the lender and maturity date. ASX let's this pass?
IMO when they go into VA (whenever it may be), I'm interested to know if all existing monies owed from loan facilities just get wiped clean, similar to unsecured loan debt being cleared when declaring bankruptcy.
IMO only. DYOR. GL to anyone still holding.
$2k in revenue for the quarter.. Jesus.At least the directors...
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