That error in itself was not a major concern at the time. (It was actually in 2015/16). Grant Thornton missed it in 2015, but forced MWR to re-issue the 2016 unaudited statements.
But when a combination of risk factors keep showing up, then you should get worried.
Gleneagle received options as remuneration. They have every incentive to pump the price.
Auditor resigned with no explanation.
Frenzy-like following on HC. Tend to bid prices to overvaluation.
Directors are converting options early. One director started to sell some.
MWR has not yet proven to be sustainably profitable to justify the current share price.
NTA backing is approx. 25c per share. Yep - a loooong way down if this blows up.
