$100k in the bank and $1.4m in a loan facility to draw down on....HHmmmmm
That will keep the Dr going for a wee while until he has exhausted that(or is that there for a safety net for his mediation and big fine the ASX want to give him?)
5.7 quarters left including the loan.........Absolutely disgraceful.
With $900k going out the door who are they kidding that they have 5.77 quarters of funding left?????????????
If they have under 2 quarters of funding they have to answer hard questions to the market, having the loan excuse means they can include this to avoid those questions..
8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions: 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: N/A 8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: N/A 8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: N/A Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.
A clever way of avoiding the hard questions....Oh well, it should all be a lot clearer come december if this goes to trial, which i doubt so in a couple of weeks after the mediation they hopefully strike a deal and an end to all the Dr's lies hopefully laid to rest...
He is desperate to keep the milly a quater going legally out the back door....WHO WOULD'"NT?
HCT Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
