I love it how you guys are trying to put a positive spin on it... but c'mon... on a really high level
- 953,600m of debt owed, of which 50,716m apparently needs to be paid before 30 June
- ZERO cash flow in
- EBIT of 52m per half year of expenses
- 74m of cash in bank
There's a reason why the auditors have pointed out going concern. You can expect ~103m of cash being used the coming half year and only 74m of cash to pay it with.
If you think my debt bleeding out of ears analogy is incorrect, what else do you call a company that can't (as yet) make a single cent from the products it makes while having to borrow money from everyone and anyone to keep afloat?
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