Oh dear Manish, you must be reading another company's report...no going concern issues here.
"Going concern
For the half year ended 30 June 2017, the Company made a loss of $2,156,844 and had a deficiency in net current assets of $1,591,093 as at that date. However, subsequent to half year end, the Company has completed a capital raise.
Additionally, as announced on 16 August 2017, the Company is intending to shortly make a rights offer to shareholders which will raise up to $1.8 million. The company is confident that they will be able to place any shortfall to this offer in order to raise the full amount and additionally are contemplating the appointment of an underwriter in this regard.
Further the company is expecting an R & D tax refund of $500,000 upon the lodgement of the tax return for Syn Dynamics Pty Ltd. In addition, the company has realisable assets in the form of shares in Capital Mining Ltd.
Accordingly, directors are of the opinion company is a going concern & can repay its debts as & when they fall due."
