I'm still attempting to fully understand the FY22 Annual report so have a few questions.
$9,244,224 Was paid by Novonix for the Insurance premium to cover the Directors & Secretaries for 1 year, (page 35 of the report).
2 questions ..
I presume this expense is to be a recurring annual cost?
Is $9.25million an acceptable premium with only $8.4mil in revenue?
Considering the premium was only $184,500 FY21 (50x less than FY22)
News: NVX Novonix Says FY Net Loss Attributable A$71.4 Million, page-21
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