Steve, actually the main issue is because their built platform not yet generate the meaningful income stream, but the Dev Cost still on going. Imagine if we spent RM300k to ope a shop, but keep on unable to generate income. It will be a trouble, since all expenses and loss are incurred.

We need to caution for 2 things. First, when can the platform can generate meaningful income? Since interest, staff cost, IT hardware are real spent, if can’t gen profit, it will be an impairment. Second, their development costs are funded from their cash, private placement and borrowing. If their platform no working, then impairment, then balance sheet become very poor.