Ann: Notice of Annual General Meeting/Proxy Form-AYB.AX, page-22

No 4C?
I wonder why?

At 30-June-2016 [rounded]
Cash $536k
Assets non current $99.4k
Total liabilities $519.4k
(Payable & borrowings)

Nett assets $116k



Based on the 2015/16 cash burn rate of $682k per annum which = $56.8k per month.

The Net. assets at 31-Oct-2016 would be +$116 less $227.3k (4 month spend) The balance is negative $111.3k

So based on last financial years spend. This company has nothing.

Even if cash burn has dropped to $29k per month then this company has nothing.

No matter what they have reduced the spend rate to, there is not much, if anything left over!