Ann: Full Year Statutory Accounts , page-13

Massive over reaction.

The BOD opinion is that the company WILL be able to continue as a going concern Pg 25.

The auditors are using the PYA approach (protect your arse)...mainly b/c they are under more scrutiny from ASIC after the issues raised by the GFC. Therefore they are unable to assume the NAB loan will be renewed and are looking at a worst case scenario.

So....assuming the NAB deal goes through (and there is no reason why it won't) all will be OK....IMO.

LC