Ann: Half Year Accounts to 31 December 2018, page-26

There seem to be insider trading or people with insider knowledge trading a while back but don't know if its still the case. I decided to not second guess and sold out when the sp was drifting down for the 3rd time, just before another bad announcement, at 49c. Learnt my lesson from the first two price drops before bad announcements.  If there was to be anything good to happen, I'd expect to see the sp creep up but it hasn't been happening. 

The company can fold anytime now!

Read note 1(d). $35m trade and other payables are CURRENT liabilties, and huge for a small co struggling to make a profit from ops.  C/f from operating act is marginal. 

Net assets on 7c, down almost half from 30/6, 13c. There'll be none left for shareholders in the event of wind up. Good luck hoping for a turnaround. 10c is better than 0c, regardless of how little you have at risk now