Ann: Update, page-7

So it's been 2 months since SIL was suspended by the ASX for failing to file their half year accounts to 31 December 2019.

At the time it was stated that "The Company’s audit and risk committee and management team are working closely with the Company’s auditor to release the finalised results as soon as possible."

I wonder what 'as soon as possible' means for the SIL and their auditors - it can't be easy to sign off a growth number now they left it so long seeing as COVID-19 came along and they will have to have an eye on what their year end will look like in a couple of months.

Incidentally, I understand that today is the final day to file their Appendix 4C for the quarter ended 31 March 2020 - whilst I have no information as to whether they will or will not file today I wonder what the ASX can do if they choose not to file.

Whilst the stock remains suspended by the ASX during such a period of uncertainty (including the suspension of operations at their practices due to COVID-19) it's really difficult to price what it is really worth now. The last quoted price was 3.5c per share and with suspension there is no further change to that quote and also noting that SIL has indicated that they negotiating some sort of material transaction to enable them to have working capital to reopen and with the new CEO - because of the suspension, it's frankly very hard now to see how the market would have responded to each of these announcements if the stock had been free to trade.