These conditions and events cast significant doubt on the assumption that the company may continue as a going concern.
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After reading its NR on its financial year report today (and you don't even need to open the financials on this one), I'm amazed there are still people willing to buy this stock and give it an $8m market cap. Things like this line at the end...
...should be considered a significant understatement, be in no doubt that this company is going bankrupt and its shares will be worth precisely zero dollars and zero cents.