$94 k left in the bank on 31 December means SFA left in the bank...

$94 k left in the bank on 31 December means SFA left in the bank right now. Are they trading while insolvent?

Mick mentions that information about fund raising will come in the near future, I hope that near future is tomorrow because on simple maths, admin alone at $330 k a quarter means admin has already eaten away the $94 k.

I would truly love to see what Admin really means. They have 4 directors that draw $100k or so a quarter, no work being done, and somehow spending $300k a quarter on Admin!?!

I thought the 4 directors were the major employees of the company, how does another $300 k get spent in a quarter on paper shuffling!?! This is an absolute rort, these guys should be reported to ASIC, ACCC, Police, Fraud Squad...disgraceful, absolutely disgraceful...