Above is from the updated report... PWC's opinion - assuming it was the BoA material customer contract... due to this further on the report
26. Events after the reporting period There have been no reportable events arising after the end of the reporting period.
It would make very good sense for 9SP to announce a new contract before suspension lifts... to get SP up and improve the VWAP of share price... that way a CR... which is planned and stated in the revised financial reports
"Despite the current economic uncertainty caused by COVID-19, management and the Board believe the Group is in a strong position to secure new revenues. They are confident the Group will also be able to raise additional capital, in accordance with the plan in place. Therefore, they consider it appropriate to continue to adopt the going concern basis in preparing these financial statements."
A higher VWAP would result in less shares being issued ... for the same amount of cash - which is great for non-participating shareholders (less dilution)
ASX should not have an issue with these reports now... as it is clearly documented what is/will be being done.
Hope for shareholders sake you get good news - four months cash left now
