You will be given no choice. If holders are unwilling to support...

  1. 11,636 Posts.
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    You will be given no choice. If holders are unwilling to support another CR circa 1.4c then read the 1/2 yearly excerpt closely IMO they have adequately covered the consequences here:-

    Going concern
    The consolidated financial statements have been prepared on a going concern basis which contemplates the continuity of normal business activities and the realisation of assets and discharge of liabilities in the ordinary course of business.
    During the half-year ended 31 December 2024 the Group generated total revenue and other income of $3,185,158 (half year 31 December 2023 - $4,189,285), including $2,448,729 of ATO R&D rebate (half year 31 December 2023 - $3,773,156), a consolidated loss of $2,195,113 (half year 31 December 2023 - $2,353,679 loss) and incurred operating cash outflows of $1,249,101 (half-year 31 December 2023 - $1,449,837 28). As at 31 December 2024, the Group has cash and cash equivalents of $7,378,357 (30 June 2024 - $5,025,116), net assets of $7,702,390 (30 June 2024 - $5,305,923) and no debt.
    As the Group is currently loss making, the Group’s ability to continue to adopt the going concern assumption will depend upon a number of matters including subsequent successful capital raises in the future and the successful sales and/or commercialisation of the Group’s intellectual property and projects.
    The directors have concluded as a result of the requirement to raise funds in the future there exists a material uncertainty that may cast significant doubt regarding the Group's ability to continue as a going concern and therefore, the Group may be unable to realise their assets and discharge their liabilities in the normal course of business.
 
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(20min delay)
Last
1.2¢
Change
0.001(9.09%)
Mkt cap ! $32.46M
Open High Low Value Volume
1.1¢ 1.2¢ 1.1¢ $17.43K 1.471M

Buyers (Bids)

No. Vol. Price($)
7 1346098 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 817327 3
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Last trade - 12.06pm 19/06/2025 (20 minute delay) ?
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