From the last annual report.
2020 2019
EQUITY
Contributed equity 119,670,345 119,586,245
Reserves 22 4,218,643 3,410,002
Accumulated losses (115,416,396) (105,398,707)
TOTAL EQUITY 472,592 17,597,540
goflow, I feel your pain. How does a company blow 115,000,000 in capital and have such low sales.
The idea of the project is very good and I like the concept. Unfortunately, even Simon looks to have got this wrong.
It needs a large volume manufacturer and sales network to get it to work.
I suspect the technology that they have developed will eventually be stolen and further developed in another country.
Good luck with your investment.
From the last annual report. 2020 2019EQUITYContributed equity...
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