After earlier delays we commented on separately, CybAero has now released their annual report. The biggest news is that the auditors were not only likely waiting for the bridge loan to be in place, but also don't propose the annual general meeting to adopt the company's income statement and balance sheet. At the same time, they propose to discharge the Board and CEO, as normal, from their liability. This, together with the auditor's argumentation, leaves us with the impression that the situation sounds more dramatic than it is.