Just watched the presentation, Kate was really impressive, and stated that we would be cash flow positive in 23/24. She didn't mention that to do so will probably require a quarterly capital raise. Stated that collections were slow, yet debtors were only 2.9M. If everyone paid, we'd still have dropped 6M. She said we knew it would be a slow quarter cash wise with low sales and VAT and GST due. FFS, if they new that, why wasn't there a CR 3 months ago when the SP was a tad higher. We were told then, no need for a CR everything is wonderful. The bottom line is we have an army of staff, but not the revenue to support them. I guess we can tell the Liquidator, we were just unlucky, we didn't get the sales we expected and we didn't have the heart to sack anyone.
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Just watched the presentation, Kate was really impressive, and...
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