I don't understand why the shares are allowed to trade with the accounts in this state.
If a company doesn't file certain reports by certain cut-off dates the ASX suspends them until the reports are filed.
In this case, the auditor wasn't able to state that the accounts complied with Australian accounting standards.
To me this is the same as the accounts not being audited, and the ASX should suspend them until such time as the accounts are audited to the required standards.
CVI Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
