I apologise if this post is against the nature of the ST thread as I have not posted here before, however I would like to make an observation regarding your cash on hand figure.
The cash on hand is purely do a cash raise as outlined in the financial statements presented this week, as replicated below; "As at 31 December 2020, the Group’s cash balance was $12,207,051. The rise in cash balance at the end of the period was attributed to the increase via a capital raise $10,600,000, this was offset by a deficit of ($118,170) in operating cash for the period which was heavily impacted by substantial extraordinary outflows which directly related to the raising of capital (not attributed to equity in accordance with AASB 132), ASX re-compliance and acquisition."
