Negative Cash Flow of - $1.6 million ( $1,686k looks better) for the quarter. That is losing over $500k / Month or $125,000 per week. So the board must realise this is not good situation. What do other boards do in this position? The company need to address these costs as a matter of urgency, sounds like my WA cricket clubs problems its a similar story, after 5yrs it needed a total flush and restart also. Oh All in MY OPINION of course.
mmmmmmm poor shareholders
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7
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