Look at the Annuals. 15.5M of the 17M loss was on admin expenses.
3M+ Public Relation expenses
3.6M Wages (staff in Slovenia and Malta as that the only place they say they have buildings producing products) Wages and cost of living must be high there.........not!
3.5M Staff Share incentive costs/bonuses
For the year they spent 200k on advertising thier product/s.
Oh and there's more.
Price is tanking towards 1c again. Maybe another 1000:1 consolidation might make the price look meaningful again.......for a few weeks anyway.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3
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