I always wondered why the directors "consulting" fees are the same. eg Cuthbertson and Ilies are the same at $17500, or what consulting either did to justify their fees, seems to be a matter of milking the system. But as the financial report states cash is at $166k, the cash cow is almost dry, and I do not see it is ready to calve, the cow is barren and only fit for the abattoir
While not an expert on balance sheets, it seems that the intangible assets of $2M is the only reason why the the book is in the black and the company is not insolvent
Re the property plant and equipment valued at $65k down from $90k in Dec 19, maybe that is what the Newcastle plant is worth as scrap metal
Alas I may be missing some vital information
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Ann: Unaudited Preliminary Final Report, page-7
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