LONG-SUFFERING shareholders of No Signboard Holdings have had no lack of reasons to feel aggrieved. 

The final straw might have been when the restaurant operator’s auditor, PKF-CAP, in January flagged uncertainty about whether the group would be able to continue operating as a going concern.

Among other things, No Signboard’s net loss for FY2022 came in at S$4.7 million, and its total liabilities exceeded total assets by S$7.1 million.