Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-38

So for the quarter, they had a shortfall of 200,000K ie 1.6 million income & 1.8 million outflows. But 47 percent of the income was a government grant of $774,000. So half of their income was a grant. Most of the loans are due in June 2024. Including one loan for $700,000, Of the expenditure 47 percent of $ 825,000 went on paying out borrowings. So the government grant effectively paid for borrowings.
But they won't be getting a government grant next quarter. And the loans are due in June 2024. It seems quite weird, that people are prepared to loan a company large sums when they don't have a business that generates income
For next quarter there are huge holes in the accounts. If they claim they can draw down on 18 million, well I can't wait to see the next quarter's accounts. It is akin to running a business on credit cards. Every quarter, they do this Micky Mouse, round Robin funds transfers, but i doubt any other business could operate like this.It is all quite weird