Not sure about your figures ...June quarter net cash outflow was US$2.242M .. after receipts and outgoings.
Net cash from borrowings was US$1.74M leaving COH at 30th June US$352M.
GMV indicated that US$6M was available from controlling shareholder for ongoing finance needs.
The ASX's role is.. they have had a number of complaints about GMV and it's disclosure obligations, similar to 18 months ago.
They have asked GMV a number of questions in relation to these complaints.
GMV needs more time to reply to these questions.
The ASX will analyse these answers and if satisfied with GMV's response , allow it to trade.
If the ASX are not satisfied , GMV will remain suspended until ASX is satisfied.
This is all my opinion only.
GMV Price at posting:
8.1¢ Sentiment: None Disclosure: Held
