Ann: Response to ASX Query, page-2

Yes, the Entity considers that the financial condition of the Entity is sufficient to warrant continued listing on the ASX. The Company has been able to raise capital in the past as required to support its activities. The Company has received consistent financial support from its Chairman, Sam Chan (via Freefire Technology Limited or ‘Freefire’). This support remains ongoing and is evidenced by Freefire’s letter of support for the Company to March 2018 (refer page 11 of the Financial Statement) and Freefire’s commitment to convert approximately $2.5 million of its convertible notes into longer term, unsecured debt or shares. The terms of this agreement have been drafted and are being negotiated at present. An announcement will be made once the transaction is finalised. This conversion will reduce the working capital efficiency to approximately $5.5 million. The Company has a number of initiatives underway to address the resultant working capital deficiency (which is not all due at the present stage) and will advise the market once it is in a position to do so.

this from Sam.

.of course..he just about owns the whole shebang already