Are we reading the same report??? Out of all those pages your conclusion was that they are setting up to do a CE within the next financial year? Did you read this part?
The Directors believe that it is appropriate to prepare the nancial report on a going concern basis because the Company expects to receive an R&D rebate of approximately $2 million during the rst half of the 2017 nancial year, and with the opening cash balance, the budgeted expenditure for 2017 is more than covered.
PYC Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)