People misunderstand why that wording is in an audit statement. Directors and auditors need to insert it for legal protection....it helps avoid trading whilst insolvent type claims. I'm not saying MSB was near any of that, but Boards and Auditors simply need to make sure they somewhat cover themselves by "formally" stating ie, we don't have consistant revenue and "may" in the future need to again raise capital...par for the course type stuff.
I've been in board meetings when exactly the need for this statement is raised as a part legal protection....no dramas.
This is what PWC (their auditor said today), page-19
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