Terminal!29 Dec 2017 08:54
Material uncertainty related to going concern
We draw attention to note 4 in the financial statements, which indicates that the Group incurred a net loss of £419k during the year ended 30 June 2017 and, of that date, the Group's current liabilities exceeded its current assets by £361k. As stated in note 4, these events or conditions, along with the other matters as set forth in note 4, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
How on earth is this allowed to be listed? I have had more return giving my money to a chugger. The worse share on AIM is what it all boils down to,
There were two recent spikes of about 24% on thin volume and of course it has quickly gone back south.
Note the CIBSE report that was due at the end of the year has now become "an ongoing collaboration."
Spin, Waffle, spin more plates, best in class, applicable market is global, Waffle,spin plates, progress, waffle positive, wafflew, extend deadlines,.remuneration, next year, waffle, jam tomorrow. Yep the company strategy condensed for you all.
This stirling engine is a train crash. Sell and sell now. Beyond terrible!