Hi TricksterWith respect, no problem with my argument. The 4C...

Hi Trickster

With respect, no problem with my argument. The 4C reflects cash inflows / cash outflows covering the RECENT PAST (3months). You cannot suggest that a Company is trading insolvent using the 4C.

The 4D (which is, in this case, the H1 2024 Financials) reports the Company Balance Sheet where determinants of Insolvency serve as the primary indicator. On the Assets side of the equation, these include the portion of Revenue not receipted (RECEIVABLES), any DEFERRED REVENUE and saleable stock (subject to demonstrated stock turn). On the Liability side of the equation, this would include the Outstanding Creditor payments (PAYABLES), Loans, Lease Payments etc.

You yourself has said that " A strategic review and/ or negotiations is not an adequate reason to have an extended trading halt". I agree. That said the lodging of the H1 FY 2024 Financials is mandatory. The question is did Nuheara try to lodge the H1FY24 Financials and the ASX witheld the release to market on the grounds of objection OR did the Directors 'up-front' declare a problem in terms of their Duties as Directors.

Whilst events since 31 December 2023 have no relevance in terms of the overdue 4D, if you consider that the staff costs have reduced to $ 1.239 m in Q3 FY 2024 from a quartely avg of $ 1, 540 m in H1 FY2024. Admin Costs are significantly down where Q3 FY 2024 is a mere $ 0.103 m versus a quarterly avg of $ 0.613 m in H1 FY 2024.

All considered, I cannot think of another reason why the Suspension is ongoing. Can you ?

You may like to look at yr burn rate number. Certainly way off in terms of the 31 December numbers and still understated vs the 4c numbers on the 31 March 2024. Maybe you have accounted for the recently report on salary sacrifices.

In conclusion, a dire situation but as I said to Gerardo several years ago, you get Business Owners who are Survivors and JM has kept the lights on longer than I thought.

Rokewa