Also if u go to page 32-33 u can see some unusual transactions between companies that where set up on same days. They invoiced, received funds and then on same day returned funds back to new company. They would do this various times in same day. Some of those companies are ownded by karls buddies. This is exactly what i stated about their R&D spending being fake and this is how they where showing an increase in cash receipts when in fat there was none. This needs to be reported to Australian financial review and asic. This is straight out fraud.
LVT Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
