It's standard to presenting financial results in tables as multiples of 1,000, but not in the text that discusses/explains the results. And that's the problem - in MSB's 6-K, it states "For the nine months ended March 31, 2017 and 2016, the Group incurred a total comprehensive loss after income tax of $49,320 and $52,890, respectively, and had net cash outflows from operations of $72,036 and $69,907, respectively. As of March 31, 2017, the Group held total cash and cash equivalents of $69,122. "
Yet in the very next paragraph, it says "A fully discretionary equity facility was established in July 2016 for up to A$120 million/US$90 million over 36 months to provide additional funds as required." So if all figures are supposed to be multiplied by 1,000, is a reader to assume that the equity facility is actually for US$90 billion?! Later on they say they got $3.7 million from the Aussie govt and US440 million from a cap raise. Again, should all those figures be multiplied by 1,000? If not, why not? If they really wanted to present all numbers as 1/1000 of the real total throughout the report, they should at least have been consistent.
In any case, that is not the conventional way of doing things. For example, another company that I follow (Athersys) also just released its quarterly results. In the SEC filing, it provides figures "in thousands" in the tables, but in the text it states "At March 31, 2017, we had available cash and cash equivalents of $31.9 million ....".
News services generally just copy and past text from company announcements, which is why its important for companies to ensure they word things properly.
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