The continuing viability of the company and its ability to continue as a going concern and meet its debts and commitments as they fall due is dependent on the successful conclusion of future fund raising activities and the ability to achieve profitable sales growth. As such, there is material uncertainty as to whether the Company will continue as a going concern and, therefore, whether it will realise its assets and settle its liabilities and commitments in the normal course of business and at the amounts stated in the financial report.
The Directors believe that the Company will be successful in the above matters and, accordingly, have prepared the financial report on a going concern basis.
Isnt it your usual cover your ass statements? Was probably there in 2012 as well. ?!?! But, I sure as hell not posting this to argue or say its all up and away from here. Just trying to remove any emotio0n from the discussions and as best as possible keep it based on facts.
And yes the facts are they are low on cash, low on market confidence and will struggle to raise any further capital without a boot load of Viagra to get folk excited
12 months ago it read
