"The unaudited Preliminary Financial Report was prepared on a going concern basis, which contemplates the continuity of normal business activity and the realisation of assets and settlement of liabilities in the ordinary course of business. In forming this view, the Directors took into consideration the following factors: to undertake debt raisings to support its working capital requirements as required. Presently, the Group is consulting with sophisticated investors. The Directors are confident in successfully raising the necessary working capital, having regard for a demonstrated history of successful debt raisings. continued support from the Commonwealth Bank of Australia with respect to its primary banking facilities. the finalisation of the contract modifications referenced in Note A.4 of this Preliminary Financial Report. On this basis, the Directors prepared a cash flow forecast which indicates that the Group will have sufficient cash flows to satisfy its commitments and working capital requirements for the twelve months from the date of releasing the unaudited Preliminary Financial Report. Should the Group not achieve any of the matters set out above, there is a material uncertainty as to whether the Group will continue as a going concern. The unaudited Preliminary Financial Report does not include any adjustment relating to the recoverability or classification of asset carrying amounts or to the amount or classification of liabilities that may be necessary should the Group not be able to continue as a going concern and meet its debt as and when they fall due."
Why have the ASX not queried the company on its continuous disclosure obligations. When did Directors know about these problem contracts?
