The half yearly report that was released last month did bring up the topic of securing funding to stay in business. Hopefully the quarterly report provides a positive update on how that can be done as time is running out.
'Management has prepared a cash flow forecast which indicates that the Group will need to raise additional funds. The Directors carefully manage discretionary expenditure in line with the Group’s cash flow forecast. The Directors consider the going concern basis of preparation to be appropriate based on forecast cash flows and confidence in raising additional funds. In the event that the Group is not successful in raising sufficient funds, there exists material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern and realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.'
NTU Price at posting:
5.4¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)