Ann: Changes to Loan Note Facility, page-32

As you well know in order to prepare your financial statements in a going concern basis ( for at least 12 months) you must correctly show and identify what your current liabilities are and what your long term liabilities are. Do you understand ?

if not I will explain- a current liability is one which is due within one year ( hint its in the name). a non current liability is one that is not due within one year. They have already renegotiated the loan out until 2021 or 2022 from memory hence it is non a current liability. the waiving of the amounts due in this announcement, would make it appear this two will be waived until a future date and rolled up in debt package ( I suspect).

I disagree with your statement below " because a wavier by its nature is deferring or waiving your right to a payment in a given period". Hence it's name waiver.

I would be careful making statements, insinuating that they are not a going concern especially when. we have an official ASX announcement stating that they have waiver in place and are currently working on renegotiation of interest rates. It is up to the auditor to ascertain going concern - that is the nature of an independent audit.

Off you go now.