Anyone heard why the CFO walked out right before Christmas without a handover period? Something smells very fishy........
Did someone at Spenda realise that if you reduce your cash and cash equivalents by 3.3m in one quarter leaving 4.8m in usable cash, you DON'T have 6 quarters of freely usable funds remaining lol? Especially when your cash receipts increased by a measly $0.1m. Can anyone workout how that can possibly result in 6 quarters of usable cash remaining as of end of September?
And now the debt warehouse funder is being paid off with shares further diluting LONG suffering shareholders.
Staff are being paid off with shares further diluting LONG suffering shareholders.
It seems crystal clear to me they don't have a long runway of cash remaining as suggested in the latest webinar.
So I ask again, WHY did the CFO walk out immediately prior to Christmas with seemingly very little if any warning?
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