Actually I thought it was the other around......they needed to raise funds to get an audit done. They need to get an expert report done to do the capital raising and that is the problem. Again they are blaming others...they must think we are stupid just like when they blamed Squadron for not extending the notes when they didn't put the money aside to pay them even after warnings from everyone.
So now they are blaming the auditor when he cannot sign off until the capital raising is done but because of the FARCICAL terms of the capital raising they cannot find an expert to write a report especially when ASIC is hovering.
As I said a leopard never changes its spots.
IMHO
For those of you who thought that the company maybe for a change doing the right thing @aiken989 posts proves otherwise
