Ann: Suspension from Official Quotation, page-347

Goodwill not the "whole valuation" of course - there's also WIP and few other things, which likely also need writedowns but not necessarily all.

Not much for us to gain try parsing exact way article expressed. Chantincleer specialises very accurate and highly informed corporate "gossip" and interpretation. My view this article: it's particularly cocky (ie highly informed) with lots of "will" in there, and the qualification of I wouldn't be surprised in this context of exact number was along lines saying this is what auditors want (but not yet finally agreed by management). But that's just my read.

If Chanticleer right I don't expect it to trade again until a firm deal done with Secured Lenders - with variety possible outcomes for better or worse.

If Chanticleer right, and no deal with Secured Lenders, the company would be in full default - debt/equity and cash flow - and the stock would open below 10c. I think management will avoid this by continuing suspension until deal done. Best case, a deal with Lenders is being cooked up now and will be announced with results.