You want the facts? Can you handle the facts?The financials for the year ending 30th June 2017. They are published 4 months after the accounting year has ended, but I'm not aware of anything much that has changed other than expenditure items.
I'll be brief.
Cash on hand $119.6k, receivables $130.6k and prepaids $37.7k. That gives a total of $287.9k of current assets.
Trade creditors is $3.93 million
That is nothing short of horrific!!!!!
A $4mil PP will do nothing other than get the finances on an even keel.