Thank goodness somebody has written something that makes sense and in a reasoned way. The hit squad on this thread were certainly out in force to silence any statement of facts. All I have done after reading the annual report was to point out the qualifications in the Auditors report which point to $15m dollars being required after Feb 2024. It is there in black and white.
I am a long term holder and believe in the vision of management and will participate in the cap raise when it comes as I cant see any income being generated before then as the timelines seem to have blown out/ been missed. This is not the fault of management as I am sure they have been working hard to close these deals. I reiterate "sentiment" on this thread is not an action but a short term view not a long term view
Original post below
Plenty to be disappointed with here. Pretty ordinary set of numbers.
I would encourage everyone to read the Auditors report at page 48 under "Basis for opinion" paragraph 3 and then flick to page 61 and read "Going concern"
Leave you to make your own minds up about what it all implies
https://announcements.asx.com.au/asxpdf/20230929/pdf/05vj4tb127stzk.pdf
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