From memory , the last quarterly had $140,000 as funds available . And as an estimate of funds to cover number of quarters N/A. So how is this acceptable to ASIC /ASX. Why did they bring in this reporting format , if it wasn't to be taken seriously ànd adhered to .The reporting makes one conclude the company is insolvent as it does not have sufficient funds for the next quarter . Where are funds expected to come from ? To continue trading on the ASX the company needs to answer this .
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