ASX refers to AHZ’s Appendix 4C quarterly report for the period ended 30 June 2019 lodged with the ASXMarket Announcements Platform and released on 31 July 2019 (the ‘Appendix 4C’).ASX notes that AHZ has reported: negative net operating cash flows for the quarter of $6,748,000; cash at the end of the quarter of $4,887,000; and estimated cash outflows for the next quarter of $10,076,000.It is possible to conclude, based on the information in the Appendix 4C, that if AHZ were to continue to expendcash at the rate indicated by the Appendix 4C, AHZ may not have sufficient cash to continue funding itsoperations.
From the above comments, looks like AHZ is being run to bankruptcy so that the technology can be bought cheaply !!!!
Ann: Response to ASX Appendix 4C Query, page-17
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