I like what this stock is about - I don't like what I have read in the Auditors Opinion Material Uncertainty Regarding Continuation as a Going Concern Without qualifying our opinion, we draw attention to Note 1(a) in the financial report which indicates that the company incurred a net loss of $8.98million during the year ended 30 June 2009. This condition, along with other matters as set forth in Note 1(a), indicate the existence of a material uncertainty which may cast significant doubt about the company’s ability to continue as a going concern and, therefore, whether it will realise its assets and extinguish its liabilities in the normal course of business, and at the amounts stated in the financial report.
Yikes...they need more contracts and fast otherwise might see more cap raisings? Where do we feel this company is heading 2010 - given the above and other Audit comments I am thinking an ETS may boost SP, thoughts?
TEK Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
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