AFT 0.00% 0.1¢ afg 2023-1 trust in respect of series 2023-1

last quarterly showed they have about $449,000 left in cash...

  1. 3,083 Posts.
    lightbulb Created with Sketch. 523
    last quarterly showed they have about $449,000 left in cash (left over from the capital raising plus small amount of receipts received from quarter) , and a loan facility of $1 million - there was about $90,000 spent in wages (payment for doing what I don't know) plus $264,000 spent on admin and corporate costs which is a crazy spend for a business that isn't actively doing anything !!! Cash at the end of the previous quarter before this was over $1.7 million so I'll let you do the numbers and speculate on what they are spending their money on - no one is monitoring them basically !! I've contacted Maurice Watson the secretary in the past and he never knows what is going on and says he will get back to me which he never does. He's just one of the three stooges though so shouldn't really expect to much from him - absolutely clueless !!!! I think Wang is now hiding in Shanghai somewhere and Bourne is just wandering the streets babbling in Swahili !!!! E.
 
watchlist Created with Sketch. Add AFT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.