SAS 0.00% 1.6¢ sky and space company ltd

SAS Possible Disallowed from 0.5c, page-268

  1. 2,026 Posts.
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    "given the circumstances detailed above, the Directors have concluded that the other than going concern basis is appropriate for the preparation of the financial statements."
    page 22.

    "there is insufficient certainty that the full 15.8m will be raised, especially given that the entitlement issue is not underwritten and the recent history of unsuccessful capital raising"
    page 21

    here's meir signing the director declaration on page 43
    "the ongoing solvency is dependent on future access to funding and the success of the announced 15.8m offer"

    so based on the above, it is not kpmg concluding the going concern, it is the directors.

    look at the audit report, under the heading responsibility of the directors for the financial report:
    "assessing the group and company's ability to continue as a going concern"

    it's Kpmg that have agreed to the company's conclusion. Not the other way around.

    clearly you didn't read closely.

    also I refer you to page 10 under Meir, 3rd for point
    "consultancy agreement , fee from 1 July 2017 to 31 December 2018, the date the agreement was terminated, was US$16,500 per month"

    so this clearly says his consulting agreement was terminated.

    let's do the math.
    16,500 x 6 = 99,000 usd = 145,000 Aussie dollars

    his table says he earned $270,371 consultancy services

    16,500 x 12 = 198,000 USD = $289,000 Aussie dollars

    so you can evidently see, he was paid the whole 12 months of consulting fees.

    now I expect an apology from you.
 
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