You dont get into a dire sitution in the last minute to recognise you wont be able to cover your expenses, big company accountants should have been ringing alarm bells months ago, it reflects poorly if true. I find it poor form the silence comming from management re media speculation as well. ASX put SGR in suspension and not requested on face value by Management while we know they are addressing issues re report per trading halt the situation has changed possibly? Is finance the major problem or the Bell report, a simple follow up seems warranted given media speculation.
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