Ann: Suspension from Official Quotation, page-192

If you're not concerned covenants here, you've been missing main point of why SGH has been so very high risk as an investment. Many have. It's been most certainly not been priced for failure - that would be <1c - it's been priced for some relatively good news in circumstances (excluding the la la land scenarios often posted here, that ignore Quindell realities, debt and other issues)

Writedowns happen because lack auditor confidence future cash generation, no other reason. Call them "non-cash" as much as you like, it's a meaningless term used in this situation.

It doesn't say VA. In this kind situation that news usually comes in a later Ann. Though I would say there's still several other possibilities here with hope some recovery, depending extent writedowns / lack cash generation issues. But the latest news on auditor views is very bad.