Hi Borris..Unsure if you have read this, however given the...

Hi Borris..

Unsure if you have read this, however given the negative cashflow and the companys tiny cash position, it is correct for ASX to issue this query..
I guess that explains the walls of sellers IMO..

hope this helps with your research..

"""ASX notes that the Company has reported the following.
1. Receipts from customers of $4,000.
2. Net negative operating cash flows for the quarter of $452,000.
3. Cash at end of quarter of $483,000.
In light of the information contained in the Appendix 4C please respond to each of the following questions.
1. It is possible to conclude on the basis of the information provided that if the Company were to continue to expend cash at the rate for the quarter indicated by the Appendix 4C, taking into account future administration costs, the Company may not have sufficient cash to fund its activities. Is this the case, or are there other factors that should be taken into account in assessing the Company’s position?""""