JZOM64 said - " they haven't listed the biggest risks associated with this company - the directors themselves?"
You should read page 38 of the Annual report. I quote here directly from the Auditors report.
"Going Concern Following operating losses and cash flow deficits, there is a heightened degree of judgement as to the Group’s ability to continue as a going concern through the assessment period. Accordingly, we considered the appropriateness of the going concern assumption, the question as to whether there is a material uncertainty and the adequacy of management’s disclosure to be a key risk."
I have never ever seen an auditor consider, " the adequacy of management"s disclosure to be a key risk"
It seems that the Auditor also, may not consider management to be fully open and transparent in what they say.
Wilcox
APG Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held