At 1 July 2016 the accumulated loss was ($14,495,432) - yep just on 14.5 million!
At 30 June 2018 the accumulated loss was (28,249,168) - yep you got it - they nearly doubled up on the accumulated losses.
2018 Annual Report (p. 31) "During the year, the consolidated entity incurred a net loss after income tax for the year ended 30 June2018 of $4,529,310 (2017: $9,811,066), incurred net cash outflows in operating activities of $4,526,096(2017: outflow of $3,692,518), and had a net current liabilities of -$338,759 at 30 June 2018 (2017: net current liabilities of -$1,047,650).The ability of the consolidated entity to continue as a going concern is dependent onsecuring additional funding through capital raising to continue to meet its working capital requirements in the next 12 months."
Those are the most recent facts - ignore them if you choose to but I tend to sit up and take notice when the auditor uses terms such as 'going concern' and puts conditions to that term.
TV2 Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held