New 8-K: termination agreement with an equipment supplier, page-20

william3874, that's what common sense would seem to imply.

Surely it is not possible to have at least 60 production staff producing nothing? Yet when the financials come out, we have no sales, no work in progress and no closing stock, recorded in the P & L and similarly no corresponding assets in the Balance Sheet.

As a CPA, this is the craziest set of accounts I have ever laid my eyes on. The accounting methodology and recognition of revenue policies seem to be unique to the organisation, just as their idea of "continuous disclosure" of key matters pertaining to the business is.

The money is drying up fast, deadlines for further disclosures are coming quickly, and we don't seem to have a thing in the factory ready to sell. AS and co certainly left this business with its challenges and shareholders up the creek with no paddle, so to speak.

Many financial lives and reputations have been ruined by the mere mention of the word Unilife and that bald pied piper that led us on his fanciful dance.

In too deep now to do anything but see how this plays out.

GLTA