I think the words 'going concern' are a bit misleading and scare readers. Like I said most companies are a going concern i.e. have to prove their solvency over a period of at least 12 months. If they can't show that they are a going concern (solvent) then they basically have to liquidate.
The auditors are just signing off that they believe ADN still meet the requirement of a going concern (which is good) but they do have concerns, which is expected given no revenue.
I think the words 'going concern' are a bit misleading and scare...
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $55.98M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $108.3K | 6.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 13628858 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 248580 | 2 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
1.7¢ |
Change
0.001 ( 8.11 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.7¢ | 7072945 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ADN (ASX) Chart |