Second attempt at this:
In an effort to clarify, I have taken the table below from the 1/2 yearly report
Column 1
Column 2
Column 3
0
Current Liabilities
31-12-15
30-06-15
1
Trade and other payables
$17,544,153
$9,838,128
2
Financial liabilities
$9,347,432
$2,925,414
3
Deferred revenue
$3,675,147
$3,988,485
4
Provisions
$459,296
3 97,8 65
5
Totalcurrent liabilites
$31,026,028
$17,149,892
6
Non-current liabilities
_
_
7
Financia liablites
$1,905,285
$1,723,834
8
Provisions
$684,488
$645,115
9
Deferred revenue
$26,897,238
$18,251,098
10
Convert ble notes
10, 524,332
10,524,3 3 2
11
Totalnon-current liabilities
$40,011,343
$31,144,379
12
Total liabilities
$71,037,371
$48,294,271
13
Net assets
-$328,321
$8,307,762
Even if you allow a debt reduction of $1m a month since December and a further $3m satisfied by issuing shares and let's not count additional debt that the company has taken on you still get to a minimum of $60m in debt of which 23m is streaming and 37m has to be found out of profit or capital
KBL Price at posting:
0.6¢ Sentiment: Sell Disclosure: Held
