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4.7¢ imagion biosystems limited

Going Concern - Auditors, page-3

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Salubrious

6,688 Posts.

1673

19/06/22

14:32

Post #: 62079016
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Originally posted by Stretguy: ↑

So the Auditors flagged the company's 2022 funding (1/1/2022 to 21/12/2022) as a KAM in the Auditor's Report for the year ended 31/12/2021.

They gave the company a tick for sufficient funding being in place up to 31/12/2022, I assume following representations made by the company.

But I'm interested in funding for the the year ending 31/12/2023.

I assume that the Auditors will be looking closely at the company's 2022 accounts for reasonable assurance that funding for the following twelve months (1/1/2023 to 31/12/2023) will be in place.

I've heard nothing from the company about funding initiatives for 1/1/2023 to 31/12/2023.

Does anyone have information on funding for the the year ending 31/12/2023? Possibly a CR or an equity partner or some other form of funding?

And would a CR be successful?

I'm not skilled in this field and this is not financial advice. Please do your own research.

Regards
Stretguy.

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They had $13mil cash at the end of last quarter...
A fair bit should happen by the time that runs out, so, holders would be hoping by the time they raise next the share price is well north of here..
If you look at many other spec stocks pre revenue, you'll find similar comments from auditors.

Last edited by Salubrious: 19/06/22

IBX Price at posting: 2.7¢ Sentiment: Buy Disclosure: Not Held
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