Even the most pessimistic outlook could not have predicted...

Even the most pessimistic outlook could not have predicted company collapse into administration now.

All that cash on hand should have been a big safety buffer. Another $5m just received from Panton sale. No adverse updates prior to trading halt. Now some difficult ground in June and a 4 day safety shut down is enough to send company broke??

Acorn own about 25m shares purchased at av. 40c each for $10m invested. Burned toast now. They and many many other shareholders must be smoking mad at this debacle of inadequate disclosure.