It is going to be interesting what response they comeback with. PWC are going to be more strict than most other auditors. If it is a going concern issue, MUS will need enough cash in the bank, for 6 - 12 months of expenditure. In the last quarterly, they had spent $6M up to June 30, 2016 and were estimating around $1.5M this quarter. They may need to do a capital raise of $2M to pass as a going concern or have a facility from a sophisticated investor.
Hope they come on straight away for all concerned.
MUS Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held