I doubt there is much wrong in the previous audited accounts...

I doubt there is much wrong in the previous audited accounts apart from the deferred revenue, which should have been classified differently. Having said that, if the 5.6m that was supposed to flow into the Dec HY actually came in, then all is kosha (technically).

The HY accounts I think will have to be broken down further between deferred revenue and loans in services yet to be provided. And I think the liability side will look pretty ugly. But if the $5.6m in deferred revenue goes across to real revenue then I think break even is possible.

The real problem we face is the 4c statements, which really should be restated. Has that ever happened though? I agree with others that the share price got to it's dizzy heights based on those alone and perhaps we would never have breached $2 otherwise.

Anyway, we can only wait and see.