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Ann: Preliminary Final Report, page-11

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villn808

536 Posts.

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03/09/18

12:19

Post #: 35373095
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Originally posted by cm123 ↑

This part says it all sadly:

It is on the basis of the consolidated entity's ability to secure the above arrangements, facilities and the generation of future profits, that the Directors have prepared the financial report on a going concern basis. In the event that the above arrangements and facilities are not entered into, there is significant uncertainty as to whether the consolidated entity will continue as a going concern and, therefore, whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial statements. The preliminary final report does not include any adjustments relating to the recoverability and classification of recorded asset amounts or to the amounts and classification of liabilities that might be necessary should the consolidated entity not continue as a going concern.

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Just a matter of time now. Deep down I knew it would end this way but I always had a glimmer of hope. Hard luck to everyone who’s losing out here. Big lesson learned here for me.

BPG Price at posting: 0.9¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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