Ann: Trading Halt, page-71

Last 4C had it staring everyone in the face surely, next qtr est outgoings of $11.691 million and cash on hand of $2.805 million sees a large imbalance, so expect a cap raise of at least + $10 million to steady the ship. Or could this have a bearing on repayment timelines and funding - from the annual report:

"The PFG facility contained a number of quarterly financial covenants. For the December 2017 quarter, the Group breached the EBITDA covenant in relation to the PFG loan. At 31 December 2017, as a result of the breach, the loan became payable on demand and consequently is disclosed as a Current Financial Liability. On 28th February 2018, PFG waived the loan breach and renegotiated the loan covenants for the 2018 calendar year."
this ol chestnut from the last directors report outlining 2018 strategies :
- Ensuring a financially strong and stable business through detailed planning, responsible management and transparency of strategy and outcomes.