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Ann: Update on Financial Reports, page-4

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knowwhat

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251

12/03/24

20:14

Post #: 72856005
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Originally posted by Duck3127: ↑

This is like watching a slow-motion train wreck and will be a real test for the auditor - do they modify their reports once further information is supplied? It's all downside for them, any further supporting information/explanations supplied to support payments may have been created after the event. My best guess (with no inside knowledge) is that: (a) the company will never come back in its previous form, and (b) the only avenue for re-listing is based on a major reconstruct involving new shareholders, new management, and new business focus. If they can't achieve that, then I reckon the company is finished.

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The $1m secured loan from iGo Direct is due for repayment next week. Good luck with that one.

MRI Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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