.......the question of insolvency/going concern.....
They (the auditors) lead with "Material Uncertainty Related to Going Concern".
.......its an unusually long report but the gist of the going concern section is that without:
1) the support of the lenders
2) the recap going ahead
SGH is not a going concern - ie its insolvent
So with no lenders support and/or no recap VA follows........
.........drbrooks - do you not think you are being a little 'picky' here?
How can the auditors reach an independent conclusion when it is the company that pays their fees? Ernst & Young are wrong and so are KPMG. Scholars teach this. This forum has been educated on what scholars teach and non-experts who do not hold shares.................. (29 pages deleted here - ed).............