Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-37

Nah, lack of understanding of audit procedure is causing issue here. Anyone who says an auditor gave a green tick to anything has no idea what theyre talking abot. I've been through plenty of financial audits - it isnt how they work.

ASICs financial review team conducted a review. They did not, at that time, find enough to pursue further. This does not, at all, in any way, mean that the accounts were right, fair, or given a tick of any kind.

ASIC have stated that they aren’t disputing revenue recognition and performance shares. There's a couple of reasons for that, and again, in no way does that mean that ASIC agree with it. Shares are very difficult to cancel - especially when ISX refused to hand over the detail of current hokders of those shares. Instead, theyll get to keep them, but the Corps Act penalty is 3x the value of the ill-gotten gain. Revenue recognition - I've never seen ASIC adjust revenue recognition, and honestly dont know whether they can. They may also have decided that it just isnt worth pursuing.

I'll see if I can find the bits that concern/convince me on revenue recognition...