SERIOUSLY? - GOOD NEWS!!! You gotto be kidding. 3 points. 1. As...

SERIOUSLY? - GOOD NEWS!!!
You gotto be kidding.
3 points.
1. As part of the settlement Soar Labs transferred the 49 shares it had previously acquired in BPPL for US$5M, to BPG for no consideration. Um, wasn't it 49%?
2. We ONLY have to have:
The continued support of major creditors and loans from the major shareholders;  Obtaining an overdraft or working capital facility to assist the consolidated entity to pay its debts on a timely basis;  Obtaining additional equity in the form of capital raising or longer term debt to enable the Group to fund operating and investing activities and cash flow requirements;  Obtaining additional working capital in the form of cash receipts from the sale of other assets of the consolidated entity including the sale of BPX tokens to enable the consolidated entity to fund operating and investing activities cash flow requirements; and  The generation of future positive cash flow by the underlying businesses.

- not much to ask for really! Who in their right mind will put money into a business that is technically insolvent???

3. And most importantly, this is the lamest audit report I have ever seen. The only comment of note they made was casting doubt on the receivables. There should have been a stronger solvency comment. The world has sufferred at the hands of poor auditors - the cases are numerous in recent history. This is one of them IMHO