Expensive Board and Management asleep at the wheel., page-13

I disagree with @Grivas over two points:
1) Overhead structure through the roof
2) Needs more cash asap

Both of these statements are quite wrong. The overhead structure for last year included considerable expenditure for product design and development, and for international marketing activities. There was also a comprehensive lack of revenue due to recall and destruction of all obsolete product after the new design was finalised. These are all reasonable activities and costs for this business at this stage.

However he is absolutely correct in forecasting a capital raising. The last 4C explicitly states on page 36 that a capital raising is planned:
The Directors believe that the Group will continue as a going concern due to current working capital, including Mente Autism units on hand available for immediate sale, continued revenue growth and an anticipated capital raising in the near future. As a result the financial information has been prepared on a going concern basis.


The underlining is from me. Thumb-up to Grivas for accurately reading the landscape. Thumb-down again though for an absolutely appalling bedside manner!