IGE 0.00% 13.0¢ integrated green energy solutions ltd

Ann: Half Year Accounts, page-2

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    "Material Uncertainty Related to Going Concern
    We draw attention to Note 1 in the financial report which indicates that the group incurred
    a loss of $792,695 and has net cash outflows from operating activities of $394,899 for
    the half year ended 31 December 2016. As stated in Note 1 these conditions, along with
    other matters as set forth in Note 1 indicate that a material uncertainty exists that may
    cast significant doubt about the group’s ability to continue as a going concern and
    therefore, the group may be unable to realise its assets and discharge its liabilities in the
    normal course of business and at the amounts stated in the financial report. Our​
    conclusion is not modified in respect of this matter."

    This is the final impartial auditor's last point. I find it disconcerting as it cuts through all the bluster and provides me, as an investor, with a stark reality check. I don't like it but there it is.
 
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