As expected half year results are are very Poor!
Looking at page 4 of the half year seems like Directors are busy in playing musical chair game. Director In and Director Out.
R&D Tax Incentive refund should be reported as Income tax benefit not other Income.
R&D expenses are reduced from $1,536,644 vs $135,837. Where the company is spending $$ on ???
Consulting and Advisory expenses $1.1 million. Is that Regulatory affairs consulting related ????
Legal fees $1 million. Report should have include additional disclosure or some back up to support what is this legal fee related too ???
Questions:
Do we really need 7 Directors and so many executives ????
So far Zero effort from Company to release any positive announcement to hold SP from further falling or giving confidence to existing shareholders to participate in convertible notes. Any plans to come up some series of positive announcements to hold SP from further falling.