The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
It is part of their job, however previous auditor quit because they had some concerns about governance.There are some issues can be minor or.... . .but we can only comment once results are out.Delaying results three times does not sound good and there has to be a good reason behind it.
It looks like there are some issues that auditors are concerned about and are refusing to sign off.
@RazzaB we are desperate to breakeven, arent we.Looks like you took a position when share price fell from 10/11p level and you decided to jump in to take advantage of these "cheap shares", but I remember warning you that a "placing " is being worked by this company as there were quite a few hints in last RNS.But you thought that I am looking for "cheap entry" and rest is history.Next time if you want to gamble make sure that you read RNS properly there is no point in arguing with someone who has predicted thinks correctly.
Bonds have already lost 85% value, so at the mintue market believes that bondholders wont get their money back.However if fresh money is injected and buisness improve than probability of them getting their money back increases.However bonds tell that equity is worthless.