Having read the Suspension Update post by UXA (prior to the Notice of Event of Default) and the finalisation of the Company's full year accounts being dependant on UXA refinancing the existing convertible notes ie $779,000.00 and $500,000.00 I would suspect the auditors will not sign off on the Financial Accounts until such time the refinancing has been done???
I wonder if La Jolla will issue a Notice of Event of Default in the next few days.
