Windflow Technology has reported a loss of $1.88 million for the half-year to December 31, 2012, following a loss of $2.37m for the previous corresponding period.
The company said the going-concern assumption was contingent on the injection of enough funding to maintain liquidity until a capital raising on March 21.
A special meeting of shareholders will take place in Christchurch today to obtain shareholder approval for an extension of a loan from major shareholder David Iles.
The stock last traded at 18 cents a share.
Should the Christchurch City Council sell some of its assets?Related story: Council asset sales mooted to help raise $900m