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07/04/22
04:33
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Originally posted by F18FDG:
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The net current liability position, net asset deficiency and net operating cash outflows do prima facie give rise to a material uncertainty that casts significant doubt upon the Company’s ability to continue as a going concern. This bunch of silver-tongued charlatans were required (I'd say forced - through gritted teeth) to advise the market that, should the IPO market go tits up in 2022, so would IQX prospects of staying afloat. And by extension, the same applies to all IQ Group companies. And so, as the US recorded record inflationary pressure, Putin rolled in the tanks and oil hit $120/barrel, global capital markets were slammed in the face of dodgy biotech wannabees and their worst fears came to pass. Funny how life turns out, right. Although for the shareholders of this collective shambles of lies and deception probably don't see any humour in the matter.
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Yesterday’s AFR article on the creditors report is a must read. $1.2 million yacht, $50m in creditors, disgruntled shareholders. The works.