AB1 0.00% 18.0¢ abarta resources limited

Ann: Subsidiary OliveX Secures Strategic Investment, page-79

  1. 719 Posts.
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    I think most can agree here that no one here is happy that the Company is in a suspended state for this length of time .

    Their 6 month report did state that they had decided to reclassify some of their transactions as previously submitted.
    I am pretty sure it would not be much n their best interest to make any comments until they know exactly what the outcome of the inquiry’s are going to be!

    They had an unusually high amount of acquisitions, partnerships, marketing/licensing deals and Cash Raises to account for over the last 12 months in addition to incorporating alternative forms of in game tokens structured into some of their deals.

    I kind of adjusted my thinking along the lines of investing in a private placement in a non public company where you often have to wait a couple of years for the company to become publicly traded entity...

    Not sure who makes all the regulatory rules and decisions of the accounting methods for all the new forms of tokenization being created in the BC space?..

    we will see

    all my opinion
    dyodd

 
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