No 4C?
I wonder why?
At 30-June-2016 [rounded]
Cash $536k
Assets non current $99.4k
Total liabilities $519.4k
(Payable & borrowings)
Nett assets $116k
Based on the 2015/16 cash burn rate of $682k per annum which = $56.8k per month.
The Net. assets at 31-Oct-2016 would be +$116 less $227.3k (4 month spend) The balance is negative $111.3k
So based on last financial years spend. This company has nothing.
Even if cash burn has dropped to $29k per month then this company has nothing.
No matter what they have reduced the spend rate to, there is not much, if anything left over!
No 4C? I wonder why? At 30-June-2016 [rounded] Cash $536k Assets...
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