From the second paragraph of the report:
"The Company’s audited accounts present half year revenue at $5,941,000 for a net loss after tax of $1,587,000 and cash and receivables at $20,900,000."
This sentence fails to take into account "trade payables and other liabilities" of $4,739,000.
To present a balanced picture of the financial situation the relevant measure would be "cash and net receivables".
The sentence would then read:
"The Company’s audited accounts present half year revenue at $5,941,000 for a net loss after tax of $1,587,000 and cash and net receivables at $16,161,000."
My sentiment is now 'sell'.
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