Afternoon trading March 16, page-405

  1. 48,997 Posts.
    lightbulb Created with Sketch. 550
    One more for you also

    Just to clarify that "Going concern"

    I think you will find that they are in most if not all half yearly accounts or annual reports something of a similar nature regarding the companies going concern.

    Here are some examples for you

    GOING1.png
    GOING2.png
    GOING3.png

    I suspect ASX compliance rules means a company must have this in there half yearly ? and annual reports.

    The company has been run on the smell of an oily rag since there last capital raise some 20 months ago, that was for a sum of $800,000, i suspect this small raise was to make sure they could stay operational, while also keeping there share holders best interest in mind, because when you have a top 20 holding 92 percent of the register they will have a big say of when and how they raise capital IMO

    Enjoy your evening.

    Ciao
    Last edited by sintrate: 16/03/21
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.