Fin review States part of debt waiver was that any raising has to go towards paying down debt. Banks also want a payment of 40 million this sept. Also interest rate has increased to 8.75. Lastly Sigma can't pay divi or spend more than 10 million without bank approval.
To robo agree Going concern comment is to cover auditors butts. The problem is why do they fill the need to cover their butts. Because on their calculations of the numbers the company may not survive.
Lastly for those that believe the company will survive for the reason their services are required, these services can always be continued by another company that buts the business from an administrator. I learnt this the bitter way years ago when I held ION. They owned Cootes transport and it hurt me to see the tankers driving around when the business and my capial had gone under.
The negative publicity I believe may do damage as some customers may leave now for continuity reasons and other knowing the company needs their sales more than ever may play hard ball. Sip looks like a case of black jack. Possibility to double your money and also a possibility of losing it completely .
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