I am surprised the new board have not yet managed to (or at least announced to the market) the refinancing that was held up by the 'board renewal process' . The specific issue of the refinancing is causing the auditor to maintain their “Material uncertainty related to going concern” note. Prior to the board election we were led to believe that the refinancing was well advanced and just awaiting the new board's approval.
SRS Price at posting:
3.2¢ Sentiment: None Disclosure: Held
