Positive news and share price., page-244

Here is the problem -
$3.6M in debts
600K in cash end of June

They are cooked until someone takes a haircut


From The AR
The Consolidated Entity has continued financial support from the Directors, former Directors and their associated
entities, in that the Directors have confirmed in writing that they will not recall upon their loans to be repaid within the
next 12 months, unless sufficient funds are available to do so without affecting the Company’s going concern. As at 30
June 2021, the Directors’ loans outstanding were $1,709,465 (Note 4.4) and accruals for unpaid salaries for director
and his related party amounting to $1,927,315 (Note 4.3).