trading halt, page-60

HT-

Interestingly, the company refers to its invoicing..."the Company has identified certain irregularities in relation to its invoicing and accounting records."

Invoicing fraud, as I understand it, refers to false incoming invoices for fictitious goods or services never provided.

I am having trouble seeing just how the company's own invoicing to others could be the source of an accounting fraud unless someone in the company was colluding to UNDER invoice.

In any case, revenue from sales is so small this scale of any fraud could not be great.

One is left with speculation both as to the nature of the irregularity and the meaning of "material". I think something can be material without being, significantly adverse, especially with auditors publicly clearing the accounts as recently as six months ago.