RGT 0.00% 30.0¢ argent biopharma limited

Ann: Half Year Accounts, page-2

  1. 13,669 Posts.
    lightbulb Created with Sketch. 2278
    Geez - 77% drop in revenue to 500k. Corner store territory.

    Auditors have been pretty hard on them as well. Suppose that after consolidation, they would have plenty of spare shares to flog off to new investors.

    Material Uncertainty Related to Going Concern
    We draw attention to Note 2 in the financial report, which indicates that the group incurred a net loss of $7,094,051
    during the half-year ended 31 December 2023 and, as of that date, the group's current liabilities exceeded its current
    assets by $3,039,306
    . As stated in Note 2, these events or conditions, along with other matters as set forth in Note
    2, indicate that a material uncertainty exists that may cast significant doubt on the group’s ability to continue as a
    going concern
    . Our conclusion is not modified in respect of this matter.
 
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