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patmad

1,121 Posts.

206

22/07/23

17:22

Post #: 68926432
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Originally posted by J L: ↑

Thank you for your reply. You are obviously familiar with the "accounting standards and Corporations Act". I am not. Suffice to say that NRZ's accounting practices are not in question. After all, they have been audited and found to be in "compliance" with the Corporations Act.

I have taken a simple layman's approach to the current financial situation.

I have taken no more into consideration than that I have found in the ASX Announcements.

I have to rely solely on ASIC RG 217, and in particular to RG 217.17, RG 217.18, RG 217.19, RG 217.20 for my conclusions.

In a nutshell, I believe that NRZ is currently negotiating a pathway through the requirements of these regulations. They have sought advice from reputable consultants, and I wish them well.

That's it from me, I am too old and tired to worry much more about the future of my old Marathon. Well done, guys. "You've done for me", so I think it might be time for me to sit back awhile and watch it all unfold.

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Thanks for your contribution to the NRZ thread J L . You might be mildly surprised as you sit back and watch it unfold .

NRZ Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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