And that on a market cap of 154M. Similar real loss last year when you reverse out the handout. Share-price held up at about $1.40 on very low volume. A few weeks ago I watched the market cap go up by about 30M on a little more than 200k of shares. It has stayed there ever since with very low volume support.
With these high level of losses and the ability of the debt holders to convert the loans to equity, the real dilution of share value as to where it remains just doesn't make sense. As so much about Rex doesn't!
This is just a cursory opinion. I'll have a much closer look at the accounts over the coming week.