I was saying the same thing almost 18 months ago based on a hope and a prayer, well not so much a prayer
The recap fixed the debt but the Australian business is still shrinking, which is the only asset your shares have exposure to.
Not taking the recap into account, the 1H results were bad.
- revenue down 17%
- gross loss from continuing operations increased by 46%
- still net cash outflow, $800k from continuing operations
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