they should get in the administrators.
management credibility is shot with exisiting investors as per the agm results
they can issue 130m shares but even at 2c that’s only 2.5m which isn’t enough for their current predicament
all their other funding options are subject to further due diligence but no funder is giving an unsecured cashflow facility if the business is all ready under capitalised.
according to the last quarterly they were pretty much out of cash.
this is getting painful
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Last
1.7¢ |
Change
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Mkt cap ! $14.74M | |||
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