You're so narrowed viewed, that you continue to see the full picture.
Somehow marketing costs go from spending 9mil in expenses to only 260k, which means EM1 must be in the marketing business and generating revenue to counter the other 8.7mil, which was not reported at all anywhere. OR... EM1 has some creative differences in accounting and reporting between the 4D and 4E.
You're cherry picking the stats that fit your narrative while completely ignoring the full picture, which is FACT a profit of 260k as reported to the market and to the ASX.
Of the 13.7 million cash this year, 8.9 million of that is essentially from options
The other 5 million being the difference between the 21 million (11million reported for FY20/21), and the 15 million in expenses (10 million in expenses). The plan to report that 10 million in the next reporting period is to compensate for the fact that EM1 will have minimal revenue going forward and will be incurring a lot of expenses. They've been talking of new contracts, new deals, new MNO's fo the last 3 years and all they have to show for it is MTN generating 250k? in sales over a 12 month period - and partnering up with a pyramid scheme to generate the other 21 million revenue while paying most of it back to said pyramid scheme company.
So again.. a digital platform with almost no expenses besides the cost of the cloud servers (which are relatively cheap) and the $1 million in alleged prizes, costing 75 cents on the dollar. With almost all revenue coming from questionable sources, with agreements made verbally over the phone, that change without notice multiple times, without announcements to the market as required by continuous disclosure laws.
This company is not a unicorn, this is not the "Netflix of gaming", it is not involved with e-sports gaming as it constantly proclaims.
The only thing this company sells is hopes and dreams.
