Terrible set of results.Only bright spot I could find was...

Terrible set of results.

Only bright spot I could find was trading cash flow = + $2.0 M
Add back increase in working capital of $10 M gives +$12.0 M cash flow on the underlying business BEFORE all the significant items and AASB16 adjustments .
( see p12 of the presentation )

Desperately need some leadership post Peter George and some discipline on spending.
The Board desperately needs a majority of independent directors to protect shareholder interests and provide checks and balances on senior management that looks "out of their depth".