Quote Originally Posted by Rawz View Post
Might go into liquidation if they cant raise the capital to keep them a float
Almost inevitable I would have thought, without further money or selling some assets.

Directors don't want to get caught trading while insolvent.

Sold $1.4m worth of assets last year and still had negative cashflow of $4.4m, with $0.9m in the tin at the end of the FY as at 30/6/23.

That tin in must be pretty empty now........??