BBI babcock & brown infrastructure group

audio broadcast on the bam deal, page-14

  1. 213 Posts.
    "reconcile the results release and presentation to this some 50 days later and yet some 30 days after this report it was all fall down time."



    There was a 'material uncertainty as to going conceern' note in the audit report.

    And in the notes to the accounts, discussion about the current asset deficiency, including:

    Should the Group not be able to sell certain assets, raise additional capital or refinance certain loans, or complete the potential recapitalisation noted above, there is significant uncertainty as to the ability of the Group and the Company to continue as going


    I dont think the BBI board have much to worry from this regard (ie financial reporting disclosure).

    Other directors duties, well, that may be another story.
 
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