Mulgoaman,
I would say that auditors were of the opinion that the company was in a more precarious position, one of GREATER than MATERIAL UNCERTAINTY and could not sign off the accounts as they have previous.
All is looking better now as per the announcement that immediate solvency issues are resolved and this week should bring more info, regarding new board and longer solvency resolutions.
I don't know why people here want the half yearly released so desperately, it won't tell us anything at all.
The situation ( I believe ) is the company has product and needs cash to get it to market.
Some here would say they have had enough cash and time and have failed.
Others
would say they have experienced some legitimate hurdles along the way and are now only a whisker away from success.
Lazarus Taxon, page-19
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