1. The company states it will need more funding soon
“
The ability of the Group to continue as a going concern and be able to continue to fund its operating activities is dependent on securing additional funding through a share placement to new or existing investors together with receiving a substantially increased R&D tax rebate.
”
2. The report is unaudited
3. The audited report will likely cast further doubt on the companys ability to continue operating unless new funding is secured (point 1)
“Audit of the Financial Report
The financial report are in the process of being audited, the independent audit report is likely to contain a paragraph referring to material uncertainty related to Going Concern.”
RCE Price at posting:
17.5¢ Sentiment: Hold Disclosure: Not Held
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