Ann: Half Yearly Report and Accounts, page-2

Unbelievable. The audit firm confirms that their report is a review and not an audit.
Negative net assets of $5.4m - HTF can they operate with that. I reckon their debtors are next to worthless and Phu relies on quoting that the current assets will get them through. PHUA - seeing that your debtors are a waste of spece and that you have more debt than collectables - how are you going to pay the bills?

Interesting extract from the reviewer stating the uncertainty of BPG as a going concern and to pay it's bills.

Sorry everyone - no-one in their right mind would let this company re-list. And therein is the demise of BPG and Phua.

There is not one positive in this report. They can't even sell much wine anymore.