Ann: 2018 Annual Report, page-6

$116k for office furniture and equipment that in the accounts as at 30/6/18 had a carrying value of roughly $13k! What a bright decision that was!

It amazes me that this company can be considered to be a going concern!

How is it that despite the launch of the FeedMe algae product range in April 2017 and a supposed strong uptake of the product (according to the company) as at April 2018 they have $0 inventory and $0 in product sales in their 2018 accounts.

$0 inventory/production of algae products
$0 inventory/production of medicinal cannabis
$8m loss in 2018 with insufficient cash on hand/unused finance facilities to cover an equivalent loss in 2019.