Appears that they changed the auditor, who for some reason was happy with writing off only 4mln in inventory despite another 7mln in inventory and sales at 1.2mln per year.
I guess Hyslop is optimistic about being aboe to flog the product in whatever shape or form. Any age car can be sold by a skilled used car salesman.
If they don't deal with expenses fast they'll have a real problem. Next episode will be cutting staff and more inventory write off.
Got to give to Hyslop, he never gives up.
Ann: Interim Financial Report and Appendix 4D, page-3
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