MST 0.00% 0.1¢ metal storm limited

to doubters all, page-2

  1. 1,460 Posts.
    The directors have plenty of skin in the game!!!!

    <Due to the variable funding available from the equity line agreement and the need for a more substantial capital raising, there is significant uncertainty as to whether the Company and Group will continue as a going concern and, therefore whether they will realise their assets and settle their liabilities at amounts different from those stated in the financial report.
    The directors believe they have reasonable grounds to expect that they can raise additional capital in the timeframes required in order to meet their debts as and when they fall due and therefore they have no intention to liquidate or cease trading.
    No adjustments have been made to the financial statements relating to the recoverability and classification of the asset carrying amounts or classification of liabilities that might be necessary should the Group not continue as a going concern.>>

    if the coy goes belly up they are facing a firestorm from various entities who have advanced monies etc to the coy.
 
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Currently unlisted public company.

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