The debt is the convertible notes in Croplogic Ltd.They aren’t...

The debt is the convertible notes in Croplogic Ltd.
They aren’t showing in the Balance Sheet (which I presume will be one of the questions that ASX have for them ) but from my calculations there is approx $5.5m AUD owing after the $750kUSD converted to shares.
Even if the notes had been in the subsidiary, they were secured against all the assets of the group.
There is also tax payable unless that’s been paid since end of Sep and there must be a lot of other creditors based on the expected outflows in the Dec quarter.
They also still have the last tranche of the ProAg acquisition to pay. How insane is that. They still haven’t paid for the revenue they bought for the IPO.
Even if they could wipe the debt, Croplogic burns a lot of cash without logical cropping and needs more cash to continue operating.