On 30th September, as an excuse for not submitting the annual accounts, GCN claimed:
"The audit of the Company's annual accounts for the financial year ended 30 June 2015 cannot be completed until incorporation certificate of GoGreen Holdings is available within the first two weeks of October as advised by the Hong Kong secretarial office of Go Green Holdings."
Well - October has ended, let alone the first two weeks of October. The suspension is still in place because the annual accounts are still not submitted.
Why not?
A new excuse is proffered in Friday's quarterly.
"The incorporation of Go Green has been completed but the incorporation of Go Green Agri is awaiting the Chinese government approval of Yunnan An He to be a shareholder of Go Green Agri, which approval is expected to be received next week."
Will this deadline be met? Call me ungenerous, but I have my doubts.
GCN Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
