Think you're right about the customer value point but it's hard...

Think you're right about the customer value point but it's hard to be sure about that. On the positive side for Felix Group Holding Ltd, that one sale seems like a decent one which you would hope might lead to more like that. You've gotta wonder though after $24.5m of losses have been accrued if they are flogging a dead horse?

Good spotting with the cash balance. The thing to remember is that these are June 30 numbers. $1m in the bank with net losses of $7.2m, current assets of $1.9m against current liabilities of $10.7m. They would be sailing close to the wind I recon. Things like 20% staff pay reductions and convertible note raises with what looks to be really onerous terms prior to June 30 all paint a picture of need not want.