Ann: Appendix 4E differences to full year statutory accounts, page-7

I don't think they can restart yet. The auditor still had in the report that they can't provide an opinion based on the fact they don't have enough money to continue trading. So either Fred will need to cough up more money, or Fred will need to convert his loans to shares, but that may need to be shareholder approved? Whilst the directors believe they will have enough money, the auditors don't.

It's Fred's unsecured loan and convertible notes that are causing the issue I believe because they are due in the next 12 months, making them a current liability, and that $5m, is way more than the money they've got in the bank.

So ultimately, it's all in Fred's hands. It wouldn't surprise me if he just waits til they're ready to demo, then he can put some money in temporarily to get relisted, and then do a capital raising.