The good news @kickit2me is that you won't need to sell ......

  1. 443 Posts.
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    The good news @kickit2me is that you won't need to sell ... that's because you won't be able to. A reminder of what the cash situation was like at 30 June which will be materially worse now - probably down another $3m.
    https://hotcopper.com.au/threads/ann-appendix-4e.7563208/page-3?post_id=69675888

    And the Audited accounts are likely to say that the company is or expected to be insolvent. These are due by COB tomorrow which I reckon won't happen so the stock will remain suspended ... pending administration.

    Now watch what happens as the debt owners (ie management) come into direct conflict with the shareholders when management also controls the Board! You can't make this sh*t up.

    All my opinion of course ....




 
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