Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-8

We all understand that there is a significant tax dispute involving RAN, which is disproportionately large compared to their market cap. Due to this, the auditors have understandably taken a defensive stance, and in turn, the ASX will not allow RAN to return unless the auditors alter their opinion. As a result, because there is no tax resolution on the horizon, RAN will likely be formally delisted at the end of this year when the 2 years from the original suspension occurs, even if they achieve business success in the interim. I am not worried about this outcome except that it makes access to new capital more difficult. The senior management seems to be working hard and taking the situation seriously and they all have enough skin in the game to want to make it work.
Let's face it, in the first place, the reasons for this being an Australian-listed company were dubious.