is this the most overpriced stock on the asx

latest financials:

revenue of less than $4 million for a LOSS of $29 million. Current market cap $68.5 million.

This is a disaster and they have been carrying on like this for over ten years.

so where does the money come from to keep going?

"sophisticated" investors take placements and pump and dump the stock onto punters. Management assist them in this by making up enticing but vaguely worded ASX announcements and giving them hints on timing etc.

This stock should be 1c or less. Can anyone name a more overpriced stock?