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Ann: Trading Halt, page-19

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  1. 717 Posts.
    lightbulb Created with Sketch. 261
    Look at the company balance sheet, their losses are at $2M a year.

    The company is growing, but their expenses are growing too. Employee benefit expense is $9.5M and other expenses are $4.8M.

    For a microcap that is absurdly high. Current liabilities are also very high at $6.3M.

    I dont know if they are negotiating from a position of weakness. Either way, management needs to step up.
    Last edited by regalinvestor: 19/10/21
 
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